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PROPERTY INFO
FACTS
- Single Family
- Built In 1995
- Price/Sqft : $138.52
- 8 Days on Market
- MLS # : 2359463
- Updated Date : 12/30/2020 at 18:30
CONSTRUCTION
- Beds : 3
- Floor Size : 2,165 sqft
- Baths : 2 full , 1 half
Listing Agent
Dash Carolina
Listing Agent's Description
Gorgeous 3 bedroom, 2.5 bathroom home in Hedingham! Enter from the rocking chair front porch to a spacious living room, offering gas fireplace and seamless flow into the kitchen and dining room. The kitchen, with pantry, has direct access to the breakfast nook for convenient transition of food to table. Move off the breakfast nook to the deck for views of the spacious fenced-in yard. Head upstairs to 3 bedrooms including the spacious primary suite with an attached bonus room. Convenient access to I-540!
SEE MORE
- #7 Best Big City for Jobs 2018 (Forbes, 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
- 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
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 | $1,530 |
| EXPENSES | Loan Payment | -$1,107 |
| Property Tax | -$228 | |
| Property Insurance | -$69 | |
| HOA | -$55 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$48
|
||
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.
$299,900
PROJECTED PRICE
$1,530
PROJECTED RENT
0.51%
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
$85,224
LOAN DETAILS
$1,107
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $74,975 |
| Loan Amount | $224,925 |
4.92
YEARS SAVED
$17,602
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,530
LIST RENT -
$0.71
LIST RENT PER SQFT
-
$1,618
COMP ESTIMATED VALUE -
$0.75
COMP AVG. RENT PER SQFT
Comps Range
-
1951 Somerset Hills Court Raleigh, NC 1
- 3 beds 3 baths ∙ 2,165 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,165 Sqft ∙ Built 1995
- Rent
- Rent Per SQFT
- $1,530
- $0.71
-
3108 Carriage Light Court Raleigh, NC 2
- 4 beds 3 baths ∙ 2,250 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,250 Sqft ∙ Built 1999
LEASED 02/29/20- Rent
- Rent Per SQFT
- $1,550
- $0.69
-
1924 Spanish Bay Court Raleigh, NC 3
- 4 beds 3 baths ∙ 2,168 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,168 Sqft ∙ Built 1996
LEASED 06/04/20- Rent
- Rent Per SQFT
- $1,595
- $0.74
-
4913 Liverpool Lane Raleigh, NC 4
- 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 1988
LEASED 06/29/20- Rent
- Rent Per SQFT
- $1,650
- $0.83
-
3209 Bellenden Place Raleigh, NC 5
- 4 beds 3 baths ∙ 2,303 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,303 Sqft ∙ Built 2000
LEASED 07/06/20- Rent
- Rent Per SQFT
- $1,700
- $0.74
PROPERTY LISTING DETAILS
Dash Carolina
1.866.250.5610
Homeunion NC, LLC
NCREC #C26317
MLS #: 2359463
Last Updated: 12/30/2020
