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12405 Village Pines Lane Raleigh, NC 27614

3 Beds 3 Baths 1,654 sqft Built 1999

$300,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $181.38
  • 11 Days on Market
  • MLS # : 2353344
  • Updated Date : 11/20/2020 at 15:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,654 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Preferred Realty

Listing Agent's Description

Beautiful Home on a cul-de-sac. Features Bamboo Hardwood Floors through out dining and living room. Roof and siding 2019. HVAC 2017. Kitchen with granite counters, white cabinets, & stainless steel appliance, tile floors. Renovated bathroom with tile backsplash, granite counter, tile floors. Huge Bonus Room! Convenient location to I-540 & Falls Lake. Enjoy the stunning views of the Neuse River. Community includes great amenities: Pool, clubhouse and Playground. Come see!

SEE MORE

MARKET HIGHLIGHTS

  • Raleigh-Durham combined metros' economy is worth over $137 billion in Gross Metro Product and projected to grow to $146 billion in 2019 (USMayors.org, 2018)
  • Raleigh-Durham combined metros has 65.3% labor force participation rate higher than the national rate of 62.8% (USMayors.org, 2018)
  • Raleigh-Durham combined metros contribute to 24.1% of North Carolina's state economy i.e. Gross State Product (USMayors.org, 2018)
  • University of North Carolina, Duke University and Davidson University systems drive rental demand
  • Major employers in Raleigh area: IBM, Cisco systems, Fidelity Investments, GlaxoSmithKline, RTI International
  • #7 Best Big City for Jobs 2018 (Forbes, 2018)
  • One of Top 10 cities for Small Business Friendliness (Thumbtack, 2018)

PRICE & RENT TRENDS

Neighborhood: Wakefield Plantation Cheshire

NeighborhoodNIR Market*CityMarket2010Year20002019160k180k200k220k240k260k280k300k320k340kPrice in $153k359k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Wakefield Plantation Cheshire

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q211001200130014001500160017001800Rent in $10181873

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Wakefield Elementary School Primary Regular 662 46 4
Wakefield Middle School Middle Regular 1,139 63 5
Wakefield High School High Regular 2,387 132 5

Wakefield Elementary School

  • Education Level: Primary
  • # of students: 662
  • # of teachers: 46
4
GreatSchools Rating

Wakefield Middle School

  • Education Level: Middle
  • # of students: 1,139
  • # of teachers: 63
5
GreatSchools Rating

Wakefield High School

  • Education Level: High
  • # of students: 2,387
  • # of teachers: 132
5
GreatSchools Rating
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$1,107
Property Tax -$272
Property Insurance -$59
HOA -$25
Property Management Fees -$149
CASH FLOW
$47

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$300,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.33%
Appreciation Year (1-5) 2.3%
Maintenance Year (1-5) 8.00%
Vacancy 7.51%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

5.92

YEARS SAVED

$24,410

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,660

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,617

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,525
1$1,5252$1,6603$1,6954$1,7955$1,795
$1,795
RENT COMPS ANALYSIS
  • 12405 Village Pines Lane Raleigh, NC 2
    • 4 beds 3 baths ∙ 1,654 Sqft ∙ Built 1999 4 beds 3 baths ∙ 1,654 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $1.00
    •  
  • 12500 Waterlow Park Lane Raleigh, NC 1
    • 3 beds 3 baths ∙ 1,625 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,625 Sqft ∙ Built 1999
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.94
    •  
  • 12525 Waterlow Park Lane Raleigh, NC 3
    • 3 beds 3 baths ∙ 1,737 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,737 Sqft ∙ Built 1999
    LEASED 01/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.98
    •  
  • 9609 Fonville Road Wake Forest, NC 4
    • 3 beds 3 baths ∙ 1,800 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,800 Sqft ∙ Built 2019
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.00
    •  
  • 4402 Crystal Breeze Street Raleigh, NC 5
    • 3 beds 4 baths ∙ 1,818 Sqft ∙ Built 2005 3 beds 4 baths ∙ 1,818 Sqft ∙ Built 2005
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.99
    •  
PROPERTY LISTING DETAILS
Pierre Lapierre
1.919.270.2717
Keller Williams Preferred Realty
Tamara Artist
1.866.250.5610
Homeunion NC, LLC
NCREC #C26317
Triangle Multiple Listing Service ( TMLS)
MLS #: 2353344
Last Updated: 11/20/2020
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