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PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $173.94
- 4 Days on Market
- MLS # : No MLS Number
CONSTRUCTION
- Beds : 3
- Floor Size : 1,811 sqft
- Baths : 2 full , 1 half
Listing Agent
Tobin
Listing Agent's Description
2CarGarage & CovrdPrch w/Fenced Courtyard! 7.5" HWD Style Flooring& Crwn Thru MainLvng! Kit: Cstm "SilverGray" Pntd Btm Cabs & White Pntd UpperCabs, "GlacierWhite" Granite Ctops, UnderCabLghtng, Dbl TrashCan Cbnt, TileBcksplsh, CenterIsland w/BrkfstBar & Dsgnr Pndnt Lghts, Recessed Lghts, SSAppls Incl GasRange! WlkIn & Btlr's Pantry w/Granite & TileBacksplsh! Mstr:TreyCeiling, CF & WIC w/Cstm Shlvng! MBath: TileSrrnd Shower w/Bench & Niche& LinenCloset! FamRm: Cstm Shiplap Accent Wall & Ceiling Fan!
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Prestwicke
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Prestwicke
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,900 |
| EXPENSES | Loan Payment | -$1,094 |
| Property Tax | -$289 | |
| Property Insurance | -$63 | |
| HOA | -$181 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$155
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 11% of earned rent to cover both maintenance and periods of vacancy.
$315,000
PROJECTED PRICE
$1,900
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.33% |
| Appreciation Year (1-5) | 4.1% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 7.51% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$85,475
LOAN DETAILS
$1,094
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $78,750 |
| Loan Amount | $236,250 |
8.5
YEARS SAVED
$37,191
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
YOUR SOLUTIONS MANAGER
Please Contact Your Solutions Manager
To review the detailed price and rent comps for this property and answer any questions you may have.
PROPERTY LISTING DETAILS
Tobin
