Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

165 Ashley Woods Court Clayton, NC 27527

3 Beds 2 Baths 1,800 sqft Built 2018

$300,000

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 2018
  • Price/Sqft : $166.67
  • 6 Days on Market
  • MLS # : 2351940
  • Updated Date : 11/05/2020 at 21:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,800 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathaway Homeservices Ysu

Listing Agent's Description

Welcome to your future home! The ideal floor plan with 3 generous sized bedrooms, stunning kitchen done with an eye for design, walk in pantry with barn door, fireplace in the living room perfect for winter evenings, rocking chair front porch, wooded view from the screened in back deck with a fan, plantation shutters, 2 car garage and an oversized walk up attic. I could keep going! All set on .73 acres in Clayton's popular Flower's Plantation. This home is just 2 years old and it shows like a model home!

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

Zip Code: 27527

ZipNIR Market*CityMarket2010Year20002019140k150k160k170k180k190k200k210k220k230k240k250k260kPrice in $131k265k

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

Zip Code: 27527

ZipNIR Market*CityMarket2010Year2000 Q22019 Q295010001050110011501200125013001350140014501500155016001650Rent in $9461678

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

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

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$1,107
Property Tax -$197
Property Insurance -$62
HOA -$85
Property Management Fees -$144
CASH FLOW
$5

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$300,000

PROJECTED PRICE

$1,600

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 3.6%
Maintenance Year (1-5) 8.00%
Vacancy 7.49%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

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

4.58

YEARS SAVED

$17,404

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,418

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,545
1$1,5452$1,5953$1,6004$1,6455$1,695
$1,695
RENT COMPS ANALYSIS
  • 165 Ashley Woods Court Clayton, NC 3
    • 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.89
    •  
  • 53 Chanticleer Circle Clayton, NC 1
    • 3 beds 3 baths ∙ 2,050 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,050 Sqft ∙ Built 2004
    LEASED 09/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.75
    •  
  • 175 S Great White Way Clayton, NC 2
    • 4 beds 3 baths ∙ 2,060 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,060 Sqft ∙ Built 2019
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.77
    •  
  • 141 Flowers Crest Way Clayton, NC 4
    • 3 beds 3 baths ∙ 2,050 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,050 Sqft ∙ Built 2016
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.80
    •  
  • 359 Hocutt Farm Drive Clayton, NC 5
    • 3 beds 2 baths ∙ 2,045 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,045 Sqft ∙ Built 2007
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.83
    •  
PROPERTY LISTING DETAILS
Heidi Harris
1.919.946.3292
Berkshire Hathaway Homeservices Ysu
Tamara Artist
1.866.250.5610
Homeunion NC, LLC
NCREC #C26317
Triangle Multiple Listing Service ( TMLS)
MLS #: 2351940
Last Updated: 11/05/2020
BESbswy