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147 Black Oak Court 
Clayton, NC
27520
4 Beds 3 Baths 1,557 sqft
Built 2020
INVESTimate
$257,838
List Price
$70,327
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PROPERTY INFO
FACTS
- Built In 2020
- Price/Sqft : $165.60
- 2 Days on Market
- MLS # : 2339077
- Updated Date : 08/25/2020 at 18:34
CONSTRUCTION
- Beds : 4
- Floor Size : 1,557 sqft
- Baths : 2 full , 1 half
Listing Agent
Mattamy Homes Llc
Listing Agent's Description
Enjoy the Franklin inside AND out with this wonderful big front porch! This home is a spacious open floor plan. In this gorgeous home you will find upgraded cabinets, gorgeous granite counter tops, and stainless steel appliances. Master suite is on the 2nd floor with walk-in closet. Natural gas cooking in this community for the chef in the family!
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
- #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)
PRICE & RENT TRENDS
Neighborhood: Little Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Little Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,480 |
| EXPENSES | Loan Payment | -$951 |
| Property Tax | -$265 | |
| Property Insurance | -$58 | |
| HOA | -$40 | |
| Property Management Fees | -$133 | |
|
CASH FLOW
$33
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.
$257,838
PROJECTED PRICE
$1,480
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.76% |
| Appreciation Year (1-5) | 5.38% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 7.47% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$70,327
LOAN DETAILS
$951
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $64,460 |
| Loan Amount | $193,379 |
5.08
YEARS SAVED
$16,386
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,480
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$1,448
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
147 Black Oak Court Clayton, 4
- 4 beds 3 baths ∙ 1,557 Sqft ∙ Built 2020 4 beds 3 baths ∙ 1,557 Sqft ∙ Built 2020
- Rent
- Rent Per SQFT
- $1,480
- $0.95
-
1032 Cove Circle Clayton, 1
- 3 beds 2 baths ∙ 1,228 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,228 Sqft ∙ Built 2001
LEASED 01/03/20- Rent
- Rent Per SQFT
- $1,150
- $0.94
-
371 Kerriann Lane Clayton, 2
- 3 beds 2 baths ∙ 1,413 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,413 Sqft ∙ Built 2012
LEASED 06/07/19- Rent
- Rent Per SQFT
- $1,300
- $0.92
-
43 W Falcon Court Clayton, 3
- 4 beds 3 baths ∙ 1,556 Sqft ∙ Built 2019 4 beds 3 baths ∙ 1,556 Sqft ∙ Built 2019
LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,450
- $0.93
-
107 Balsam Fir Place Clayton, 5
- 4 beds 3 baths ∙ 1,712 Sqft ∙ Built 2018 4 beds 3 baths ∙ 1,712 Sqft ∙ Built 2018
LEASED 06/11/19- Rent
- Rent Per SQFT
- $1,599
- $0.93
PROPERTY LISTING DETAILS
1.914.443.7499
Mattamy Homes Llc
1.866.250.5610
Homeunion NC, LLC
NCREC #C26317
MLS #: 2339077
Last Updated: 08/25/2020
