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2000 Day Flower Drive Clayton, NC 27520

3 Beds 3 Baths 2,336 sqft Built 2005

$249,900

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $106.98
  • 3 Days on Market
  • MLS # : 2354662
  • Updated Date : 11/20/2020 at 19:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,336 sqft
  • Baths : 2 full , 1 half
Listing Agent

Pace Realty Group, Inc.

Listing Agent's Description

SWEET HOME CLAYTON! Move-in ready with lots of NEW! New roof (Nov '20), new HVAC, new flooring in family room, nook, and kitchen. New carpet, new paint. Brand new stainless Whirlpool refrigerator and range in kitchen. Hardwoods in living room and dining. Corner gas fireplace in family room. Enormous master bedroom with vaulted ceiling and ceiling fan. Garden tub and separate shower in master bath. Huge loft study or playroom. Dual vanities in baths. Powder room on main level. Fenced backyard. More!

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
  • Major employers in Raleigh area: IBM, Cisco systems, Fidelity Investments, GlaxoSmithKline, RTI International
  • #7 Best Big City for Jobs 2018 (Forbes, 2018)
  • One of Top 10 cities for Small Business Friendliness (Thumbtack, 2018)

PRICE & RENT TRENDS

Neighborhood: Wynston

NeighborhoodNIR Market*CityMarket2010Year20002019140k150k160k170k180k190k200k210k220k230k240k250k260kPrice in $131k265k

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

Neighborhood: Wynston

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2950100010501100115012001250130013501400145015001550Rent in $9461595

* 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
 

$224,910$274,890$249,900

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$922
Property Tax -$258
Property Insurance -$73
HOA -$44
Property Management Fees -$145
CASH FLOW
$168

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.

$249,900

PROJECTED PRICE

$1,610

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 5.2%
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$16k

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$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$29,867

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,736

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,6103$1,6504$1,700
$1,700
RENT COMPS ANALYSIS
  • 2000 Day Flower Drive Clayton, NC 2
    • 3 beds 3 baths ∙ 2,336 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,336 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.69
    •  
  • 103 Locket Drive Clayton, NC 1
    • 4 beds 3 baths ∙ 2,002 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,002 Sqft ∙ Built 2009
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.72
    •  
  • 287 Lynn Drive Clayton, NC 3
    • 3 beds 3 baths ∙ 2,187 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,187 Sqft ∙ Built 2019
    LEASED 05/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.75
    •  
  • 863 Rolling Creek Circle Clayton, NC 4
    • 3 beds 3 baths ∙ 2,223 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,223 Sqft ∙ Built 2019
    LEASED 09/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.76
    •  
PROPERTY LISTING DETAILS
John Pace
1.919.302.1960
Pace Realty Group, Inc.
Tamara Artist
1.866.250.5610
Homeunion NC, LLC
NCREC #C26317
Triangle Multiple Listing Service ( TMLS)
MLS #: 2354662
Last Updated: 11/20/2020
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