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14 Streamwood Way Clayton, NC 27527

4 Beds 3 Baths 1,668 sqft Built 2006

$255,000

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $152.88
  • 1 Days on Market
  • MLS # : 2395382
  • Updated Date : 07/13/2021 at 16:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,668 sqft
  • Baths : 2 full , 1 half
Listing Agent

Fox Rental Management Assoc.

Listing Agent's Description

Flowers Plantation, Magnolia Village 4 bedroom home with 2.5 baths and two car garage. Kitchen with Center Island, stove, refrigerator, dishwasher and microwave. Pass through window to the family room with fireplace. Large Master with walk in closet and ensuite with double vanity and soaking tub/shower. Bedrooms 2 and 3 have custom ceiling light fan combo and large closets. 4th bedroom and laundry round out second floor. Right on 42 Hwy with quick access to 70, 40 bypass, and downtown Clayton!

SEE MORE

MARKET HIGHLIGHTS

  • #7 Best Big City for Jobs 2018 (Forbes, 2018)
  • Major employers in Raleigh area: IBM, Cisco systems, Fidelity Investments, GlaxoSmithKline, RTI International
  • 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)
  • 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

PRICE & RENT TRENDS

Neighborhood: Magnolia Village

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $115k359k

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

Neighborhood: Magnolia Village

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2100011001200130014001500160017001800Rent in $9371873

* 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
East Clayton Elementary School Primary Regular 563 39 5
Archer Lodge Middle School Middle Regular 1,058 62 4
Corinth Holders High School High Regular 1,679 91 5

East Clayton Elementary School

  • Education Level: Primary
  • # of students: 563
  • # of teachers: 39
5
GreatSchools Rating

Archer Lodge Middle School

  • Education Level: Middle
  • # of students: 1,058
  • # of teachers: 62
4
GreatSchools Rating

Corinth Holders High School

  • Education Level: High
  • # of students: 1,679
  • # of teachers: 91
5
GreatSchools Rating
 

$229,500$280,500$255,000

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$886
Property Tax -$167
Property Insurance -$60
HOA -$24
Property Management Fees -$119
CASH FLOW
$144

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.

$255,000

PROJECTED PRICE

$1,400

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.33%
Appreciation Year (1-5) 3.6%
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$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,325

INVESTMENT

$73,325

Down Payment
$63,750
Rehab Estimate
$5,750
Closing Costs
$3,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$886

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $63,750
Loan Amount $191,250
See What Happens When You Reinvest Cash Flow

9.25

YEARS SAVED

$32,268

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,430

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4953$1,5254$1,6505$1,695
$1,695
RENT COMPS ANALYSIS
  • 14 Streamwood Way Clayton, NC 1
    • 4 beds 3 baths ∙ 1,668 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,668 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.84
    •  
  • 64 Sundew Court Clayton, NC 2
    • 3 beds 3 baths ∙ 1,800 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,800 Sqft ∙ Built 2004
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.83
    •  
  • 5 Valleyfield Drive Clayton, NC 3
    • 3 beds 3 baths ∙ 1,760 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,760 Sqft ∙ Built 2007
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.87
    •  
  • 44 Alder Creek Court Clayton, NC 4
    • 3 beds 3 baths ∙ 1,857 Sqft ∙ Built 2021 3 beds 3 baths ∙ 1,857 Sqft ∙ Built 2021
    LEASED 06/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.89
    •  
  • 120 Sweet Olive Street Clayton, NC 5
    • 3 beds 3 baths ∙ 2,007 Sqft ∙ Built 2021 3 beds 3 baths ∙ 2,007 Sqft ∙ Built 2021
    LEASED 04/24/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.84
    •  
PROPERTY LISTING DETAILS
Steve Fox
1.919.812.0789
Fox Rental Management Assoc.
Tamara Artist
1.866.250.5610
Homeunion NC, LLC
NCREC #C26317
Triangle Multiple Listing Service ( TMLS)
MLS #: 2395382
Last Updated: 07/13/2021
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