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170 Rolling Creek Circle Clayton, NC 27520

4 Beds 3 Baths 2,166 sqft Built 2020

$273,068

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
December 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $126.07
  • 7 Days on Market
  • MLS # : 2357886
  • Updated Date : 12/18/2020 at 18:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,166 sqft
  • Baths : 2 full , 1 half
Listing Agent

Hometowne Realty

Listing Agent's Description

Check it OUT!!! Family living simply! As you walk in past the dining room can't you see the family gathering for the holidays?? Down the hall you will walk into the kitchen that flows into the extensive family room. The perfect set up for hanging out with the family every single day. Upstairs you will find the most important room in the home. The Primary Suite. What more needs to be said? Dual Vanities, 5ft walk in shower, and a spacious W-I-C. 3 more bedrooms? What more do you need?? Welcome Home.

SEE MORE

MARKET HIGHLIGHTS

  • 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
  • #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)

PRICE & RENT TRENDS

Neighborhood: Little Creek

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $101k265k

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

Neighborhood: Little Creek

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2800900100011001200130014001500Rent in $7711595

* 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
West Clayton Elementary School Primary Regular 902 58 6
Clayton Middle School Middle Regular 793 49 4
Clayton High School High Regular 1,512 85 5

West Clayton Elementary School

  • Education Level: Primary
  • # of students: 902
  • # of teachers: 58
6
GreatSchools Rating

Clayton Middle School

  • Education Level: Middle
  • # of students: 793
  • # of teachers: 49
4
GreatSchools Rating

Clayton High School

  • Education Level: High
  • # of students: 1,512
  • # of teachers: 85
5
GreatSchools Rating
 

$245,761$300,375$273,068

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$1,008
Property Tax -$277
Property Insurance -$69
HOA -$63
Property Management Fees -$119
CASH FLOW
$124

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.

$273,068

PROJECTED PRICE

$1,660

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.76%
Appreciation Year (1-5) 5.4%
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$200k$400k$600k$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$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,363

INVESTMENT

$74,363

Down Payment
$68,267
Rehab Estimate
$2,000
Closing Costs
$4,096

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,008

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,267
Loan Amount $204,801
See What Happens When You Reinvest Cash Flow

7.92

YEARS SAVED

$33,511

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,630

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,6603$1,6754$1,6955$1,695
$1,695
RENT COMPS ANALYSIS
  • 170 Rolling Creek Circle Clayton, NC 2
    • 4 beds 3 baths ∙ 2,166 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,166 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.77
    •  
  • 103 Locket Drive Clayton, NC 1
    • 4 beds 3 baths ∙ 2,002 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,002 Sqft ∙ Built 2009
    property image
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.72
    •  
  • 265 Norwich Drive Clayton, NC 3
    • 3 beds 3 baths ∙ 2,230 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,230 Sqft ∙ Built 2009
    property image
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.75
    •  
  • 96 Saddle Oaks Lane Clayton, NC 4
    • 3 beds 3 baths ∙ 2,237 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,237 Sqft ∙ Built 2020
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.76
    •  
  • 76 Saddle Oaks Lane Clayton, NC 5
    • 4 beds 3 baths ∙ 2,175 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,175 Sqft ∙ Built 2020
    property image
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.78
    •  
PROPERTY LISTING DETAILS
Marlo Wells
1.919.763.7887
Hometowne Realty
Tamara Artist
1.866.250.5610
Homeunion NC, LLC
NCREC #C26317
Triangle Multiple Listing Service ( TMLS)
MLS #: 2357886
Last Updated: 12/18/2020
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