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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
- #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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Hedingham
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$65,375
LOAN DETAILS
$830
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $56,250 |
| Loan Amount | $168,750 |
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
-
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
1.919.274.9111
Aimee Anderson & Associates
1.866.250.5610
Homeunion NC, LLC
NCREC #C26317
MLS #: 2351313
Last Updated: 11/06/2020
