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2016 Satinwood Drive Clayton, NC 27520

4 Beds 3 Baths 2,443 sqft Built 2002

INVESTimate

$255,000

List Price

$1,700

$1,530 - $1,870

Rent Est.

$73,325

Investment Est.

$268,260 ( +5.20%) 1 YR EST. FORECAST

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AVAILABLE

1 YEAR
Gross Yield	8.00%
NOI	$11,080

15 YEAR
Yield	8.62%
Appreciation	3.39%
TOTAL RETURN	22.18%

PROPERTY INFO

August 26, 2020 RECENTLY ADDED

FACTS

Built In 2002
Price/Sqft : $104.38
2 Days on Market
MLS # : 2339180
Updated Date : 08/26/2020 at 05:10

CONSTRUCTION

Beds : 4
Floor Size : 2,443 sqft
Baths : 2 full , 1 half

Listing Agent

Fathom Realty Nc, Llc

Listing Agent's Description

Welcome home !!! Beautiful home with fenced in yard in Wynston pool community . New engineered Mohawk floors ,Shaw Life Happens carpet . Granite Countertops in Kitchen just waiting for you to cook in . New Roof with 50 year transferable warranty. Home Surge protection . Freshly painted. Conveniently close to downtown Clayton , schools and Parks .

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2016 Satinwood Dr

Clayton, North Carolina

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MARKET HIGHLIGHTS

Raleigh Market Report

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)

Neighborhood: Wynston

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

Neighborhood: Wynston

* 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

GreatSchools Rating

Clayton Middle School

Education Level: Middle
# of students: 793
# of teachers: 49

GreatSchools Rating

Clayton High School

Education Level: High
# of students: 1,512
# of teachers: 85

GreatSchools Rating

FINANCIALS

Learn how to read this

$229,500$280,50000$255,000

PURCHASE PRICE

$1,530$1,87000$1,700

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

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PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

Cash Flow
Appreciation
Principal

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$1,700
EXPENSES	Loan Payment	-$941
	Property Tax	-$262
	Property Insurance	-$75
	HOA	-$45
	Property Management Fees	-$153



CASH FLOW $225

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.

$255,000

PROJECTED PRICE

$1,700

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	3.78%
Appreciation Year (1-5)	5.20%
Maintenance Year (1-5)	8.00%
Vacancy	7.49%
Length of Stay Years	2

TOTAL CASH OUT OF POCKET

INVESTMENT

$73,325

Down Payment	$63,750
Rehab Estimate	$5,750
Closing Costs	$3,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$941

MONTHLY LOAN PAYMENT

30 yr

4.25%

25.00%

Down Payment

Term	30 Years
Interest	4.25%
Down Payment	$63,750
Loan Amount	$191,250

See What Happens When You Reinvest Cash Flow

8.83

YEARS SAVED

$36,558

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$1,700
LIST RENT
$0.7
LIST RENT PER SQFT

$1,702
COMP ESTIMATED VALUE
$0.7
COMP AVG. RENT PER SQFT

Comps Range

$1,475

1$1,4752$1,5003$1,6504$1,700

$1,700

RENT COMPS ANALYSIS

2,443
PROPERTY SQFT
$0.7
AVG RENT PER SQFT
$1,702
ESTIMATED VALUE
$1,700
LIST RENT

2016 Satinwood Drive Clayton, 1

4 beds 3 baths ∙ 2,443 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,443 Sqft ∙ Built 2002
Price

Price Per SQFT

$255,000

$104.38
102 Quail Court Clayton, 2

3 beds 3 baths ∙ 2,349 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,349 Sqft ∙ Built 1992
SOLD 04/24/20
Price

Price Per SQFT

$265,000

$112.81
2241 Valley Drive Clayton, 3

4 beds 3 baths ∙ 2,485 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,485 Sqft ∙ Built 2008
SOLD 05/08/20
Price

Price Per SQFT

$304,000

$122.33
280 Sugarpine Trail Clayton, 4

4 beds 3 baths ∙ 2,537 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,537 Sqft ∙ Built 2016
SOLD 03/06/20
Price

Price Per SQFT

$318,000

$125.34
2017 Coxwoods Road Clayton, 5

3 beds 4 baths ∙ 2,510 Sqft ∙ Built 1991 3 beds 4 baths ∙ 2,510 Sqft ∙ Built 1991
SOLD 03/27/20
Price

Price Per SQFT

$335,000

$133.47

2016 Satinwood Drive Clayton, 4

4 beds 3 baths ∙ 2,443 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,443 Sqft ∙ Built 2002
Rent

Rent Per SQFT

$1,700

$0.70
406 Rolling Creek Circle Clayton, 1

5 beds 3 baths ∙ 2,250 Sqft ∙ Built 2020 5 beds 3 baths ∙ 2,250 Sqft ∙ Built 2020
LEASED 04/15/20
Rent

Rent Per SQFT

$1,475

$0.66
359 Johnson Estate Road Clayton, 2

4 beds 3 baths ∙ 2,200 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 1983
LEASED 02/20/20
Rent

Rent Per SQFT

$1,500

$0.68
287 Lynn Drive Clayton, 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

PROPERTY LISTING DETAILS

Birgit Capucille
1.919.656.7000
Fathom Realty Nc, Llc

Tamara Artist
1.866.250.5610
Homeunion NC, LLC
NCREC #C26317

Triangle Multiple Listing Service ( TMLS)
MLS #: 2339180
Last Updated: 08/26/2020

2016 Satinwood Drive Clayton, NC 27520

INVESTimate

$255,000

$1,700

$73,325

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

West Clayton Elementary School

Clayton Middle School

Clayton High School

FINANCIALS

$229,500$280,50000$255,000

$1,530$1,87000$1,700

Acquisition Concierge

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$255,000

$1,700

0.67%

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$941

8.83

$36,558

$255,000

$104.38

$301,680

$123.49

COMPS RANGE

PRICE COMPS ANALYSIS

$1,700

$0.7

$1,702

$0.7

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS