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149 Brisk Drive Zebulon, NC 27597

3 Beds 2 Baths 1,506 sqft Built 2021

$241,900

List Price

$1,180

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $160.62
  • 3 Days on Market
  • MLS # : 2365268
  • Updated Date : 02/05/2021 at 18:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,506 sqft
  • Baths : 2 full
Listing Agent

Lgi Realty Nc, Llc

Listing Agent's Description

Enjoy single-story living with the beautiful Alexander plan! A vaulted ceiling, open floor plan and natural light make this home spacious and airy. You will love the chef-ready kitchen, which comes complete with energy-efficient appliances, wood cabinetry with crown molding, spacious granite counter tops and more. A split bedroom layout offers privacy for the stunning master suite, which boasts a vaulted ceiling, walk-in closet and attached bath.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #7 Best Big City for Jobs 2018 (Forbes, 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

Zip Code: 27597

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $106k265k

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

Zip Code: 27597

ZipNIR Market*CityMarket2010Year2000 Q22019 Q2800900100011001200130014001500Rent in $7591595

* 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
Zebulon Elementary School Primary Magnet 539 42 3
Zebulon Middle School Middle Magnet 556 42 3
East Wake High School High Regular NA

Zebulon Elementary School

  • Education Level: Primary
  • # of students: 539
  • # of teachers: 42
3
GreatSchools Rating

Zebulon Middle School

  • Education Level: Middle
  • # of students: 556
  • # of teachers: 42
3
GreatSchools Rating

East Wake High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$217,710$266,090$241,900

PURCHASE PRICE

$1,062$1,298$1,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,180
EXPENSES Loan Payment -$840
Property Tax -$202
Property Insurance -$57
HOA -$25
Property Management Fees -$119
CASH FLOW
-$63

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.

$241,900

PROJECTED PRICE

$1,180

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.76%
Appreciation Year (1-5) 4.6%
Maintenance Year (1-5) 3.00%
Vacancy 7.47%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$66,104

INVESTMENT

$66,104

Down Payment
$60,475
Rehab Estimate
$2,000
Closing Costs
$3,629

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$840

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $60,475
Loan Amount $181,425
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$9,792

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,180

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,225

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,180
1$1,1802$1,4453$1,4754$1,475
$1,475
RENT COMPS ANALYSIS
  • 149 Brisk Drive Zebulon, NC 1
    • 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 2021 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,180
    • $0.78
    •  
  • 708 Kenyon Spring Drive Zebulon, NC 2
    • 4 beds 3 baths ∙ 1,801 Sqft ∙ Built 2019 4 beds 3 baths ∙ 1,801 Sqft ∙ Built 2019
    property image
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,445
    • $0.80
    •  
  • 728 Kenyon Spring Drive Zebulon, NC 3
    • 4 beds 3 baths ∙ 1,801 Sqft ∙ Built 2019 4 beds 3 baths ∙ 1,801 Sqft ∙ Built 2019
    property image
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.82
    •  
  • 201 Quincy Meadow Avenue Zebulon, NC 4
    • 4 beds 3 baths ∙ 1,801 Sqft ∙ Built 2019 4 beds 3 baths ∙ 1,801 Sqft ∙ Built 2019
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.82
    •  
PROPERTY LISTING DETAILS
Dayne Luck
Lgi Realty Nc, Llc
Tamara Artist
1.866.250.5610
Homeunion NC, LLC
NCREC #C26317
Triangle Multiple Listing Service ( TMLS)
MLS #: 2365268
Last Updated: 02/05/2021
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