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1725 Kingston Heath Way Raleigh, NC 27604

3 Beds 3 Baths 1,452 sqft Built 1990

$225,000

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1990
  • Price/Sqft : $154.96
  • 10 Days on Market
  • MLS # : 2351313
  • Updated Date : 11/06/2020 at 13:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,452 sqft
  • Baths : 2 full , 1 half
Listing Agent

Aimee Anderson & Associates

Listing Agent's Description

Rocking chair front porch, golf course view in popular Hedingham. Large family room has fireplace & lots of windows. Formal dining room would make great office. Eat in kitchen has plenty of counterspace & cabinets, nice pantry. Large master has vaulted ceiling, 2 closets, garden tub, sep. shower. 2 other great size bedrooms. Deck to view 10th green. Hardwood type flooring and NEW INTERIOR PAINT! FREE GOLF, 2 Pools, 2 Lakes, Athletic Center, Tennis, 2 parks. Easy to get to downtown, I540 and I440.

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

Neighborhood: Hedingham

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $114k277k

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

Neighborhood: Hedingham

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q29001000110012001300140015001600Rent in $8401630

* 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
Beaverdam Elementary School Primary Regular NA
River Bend Middle School Middle Regular NA
Knightdale High School High Regular 1,672 99 2

Beaverdam Elementary School

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

River Bend Middle School

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

Knightdale High School

  • Education Level: High
  • # of students: 1,672
  • # of teachers: 99
2
GreatSchools Rating
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$830
Property Tax -$169
Property Insurance -$56
HOA -$55
Property Management Fees -$123
CASH FLOW
$136

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.

$225,000

PROJECTED PRICE

$1,370

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 5.8%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$830

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$26,115

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,370

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,365

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,3503$1,3704$1,4005$1,425
$1,425
RENT COMPS ANALYSIS
  • 1725 Kingston Heath Way Raleigh, NC 3
    • 3 beds 3 baths ∙ 1,488 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,488 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $0.92
    •  
  • 4413 Bartholomew Circle Raleigh, NC 1
    • 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 1996
    LEASED 02/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.95
    •  
  • 4960 Royal Adelaide Way Raleigh, NC 2
    • 3 beds 3 baths ∙ 1,564 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,564 Sqft ∙ Built 1992
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.86
    •  
  • 1940 Crag Burn Lane Raleigh, NC 4
    • 3 beds 3 baths ∙ 1,527 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,527 Sqft ∙ Built 1997
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.92
    •  
  • 1933 Shadow Glen Drive Raleigh, NC 5
    • 3 beds 3 baths ∙ 1,513 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,513 Sqft ∙ Built 1997
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.94
    •  
PROPERTY LISTING DETAILS
Aimee Anderson
1.919.274.9111
Aimee Anderson & Associates
Tamara Artist
1.866.250.5610
Homeunion NC, LLC
NCREC #C26317
Triangle Multiple Listing Service ( TMLS)
MLS #: 2351313
Last Updated: 11/06/2020
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