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

172 W Copenhaver Drive Clayton, NC 27527

3 Beds 3 Baths 2,651 sqft Built 2018

INVESTimate

$289,900

List Price

$1,790

$1,611 - $1,969

Rent Est.

$300,249  ( +3.57%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2018
  • Price/Sqft : $109.35
  • 6 Days on Market
  • MLS # : 2338630
  • Updated Date : 08/22/2020 at 19:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,651 sqft
  • Baths : 2 full , 1 half
Listing Agent

Fonville Morisey/premier Agents Network

Listing Agent's Description

Coming Soon! Like New-Gorgeous HGTV Inspired 2018 Home in the Highly Desirable Tuscany Subdivision. 3 Beds 2.5 Baths w/Open Floor Plan, Formal Dining Room, 2 Car Garage, Fireplace & very nice sized rooms including Loft area & Laundry. Kitchen is absolutely Stunning! Updated Light Fixtures, Flooring & more. This home also has an award winning Fully Fenced Back Yard that was voted Best Lawn of the Month by Community members! Come check out this GORGEOUS home with approximately 2,650 sq ft before it is gone.

SEE MORE

MARKET HIGHLIGHTS

  • 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

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.
 

$260,910$318,890$289,900

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,070
Property Tax -$191
Property Insurance -$79
HOA -$60
Property Management Fees -$161
CASH FLOW
$230

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.

$289,900

PROJECTED PRICE

$1,790

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 3.57%
Maintenance Year (1-5) 8.00%
Vacancy 7.49%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,574

INVESTMENT

$82,574

Down Payment
$72,475
Rehab Estimate
$5,750
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

8.67

YEARS SAVED

$40,903

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $1,842

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$1,790
1$1,7902$1,8953$1,9454$2,0005$2,050
$2,050
RENT COMPS ANALYSIS
  • 172 W Copenhaver Drive Clayton, 1
    • 3 beds 3 baths ∙ 2,651 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,651 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.68
    •  
  • 103 Rothes Court Clayton, 2
    • 4 beds 3 baths ∙ 2,959 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,959 Sqft ∙ Built 2019
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.64
    •  
  • 205 Stornoway Lane Clayton, 3
    • 4 beds 3 baths ∙ 2,773 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,773 Sqft ∙ Built 2020
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $0.70
    •  
  • 116 Rothes Court Clayton, 4
    • 4 beds 4 baths ∙ 2,945 Sqft ∙ Built 2019 4 beds 4 baths ∙ 2,945 Sqft ∙ Built 2019
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.68
    •  
  • 303 Grantwood Drive Clayton, 5
    • 4 beds 3 baths ∙ 2,705 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,705 Sqft ∙ Built 2014
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.76
    •  
PROPERTY LISTING DETAILS
Christian Varela
1.919.906.5404
Fonville Morisey/premier Agents Network
Tamara Artist
1.866.250.5610
Homeunion NC, LLC
NCREC #C26317
Triangle Multiple Listing Service ( TMLS)
MLS #: 2338630
Last Updated: 08/22/2020
BESbswy