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PROPERTY INFO
FACTS
- Single Family
- Built In 1985
- Price/Sqft : $184.82
- 4 Days on Market
- MLS # : 2367429
- Updated Date : 02/19/2021 at 23:43
CONSTRUCTION
- Beds : 3
- Floor Size : 1,542 sqft
- Baths : 2 full
Listing Agent
Daymark Realty
Listing Agent's Description
Fabulous split level home with VAULTED ceilings on a very private lot in CARY! Breathtaking WOOD floors! Gorgeous UPGRADED Kitchen features white cabinets, stainless steel appliances (3 yrs old) & GRANITE counters. ROOF-2014. Lower level features XL family/bonus room. New 2020 Kelly windows. Master features his/her closets w/organizers. Many upgrades (see list on MLS). Epoxy garage floors. Backyard features privacy fence, nice patio area with fire pit & trees that are splendid! NO HOA!!!
SEE MORE
- 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
- #7 Best Big City for Jobs 2018 (Forbes, 2018)
- Major employers in Raleigh area: IBM, Cisco systems, Fidelity Investments, GlaxoSmithKline, RTI International
PRICE & RENT TRENDS
Neighborhood: Canterbury Woods
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Canterbury Woods
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,380 |
| EXPENSES | Loan Payment | -$990 |
| Property Tax | -$219 | |
| Property Insurance | -$57 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$5
|
||
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.
$285,000
PROJECTED PRICE
$1,380
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 4.9% |
| 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
$81,275
LOAN DETAILS
$990
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $71,250 |
| Loan Amount | $213,750 |
5.58
YEARS SAVED
$17,253
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,380
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$1,446
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
203 Wyatts Pond Lane Cary, NC 1
- 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 1985
- Rent
- Rent Per SQFT
- $1,380
- $0.89
-
116 Willoughby Lane Cary, NC 2
- 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 1986
LEASED 01/16/20- Rent
- Rent Per SQFT
- $1,495
- $0.93
-
101 Canyon Run Cary, NC 3
- 3 beds 3 baths ∙ 1,720 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,720 Sqft ∙ Built 1991
LEASED 08/27/20- Rent
- Rent Per SQFT
- $1,595
- $0.93
-
102 Redgate Drive Cary, NC 4
- 4 beds 3 baths ∙ 1,804 Sqft ∙ Built 1990 4 beds 3 baths ∙ 1,804 Sqft ∙ Built 1990
LEASED 05/19/20- Rent
- Rent Per SQFT
- $1,645
- $0.91
-
108 Delchester Court Cary, NC 5
- 3 beds 3 baths ∙ 1,733 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,733 Sqft ∙ Built 1986
LEASED 01/07/21- Rent
- Rent Per SQFT
- $1,695
- $0.98
PROPERTY LISTING DETAILS
1.919.473.9006
Daymark Realty
1.866.250.5610
Homeunion NC, LLC
NCREC #C26317
MLS #: 2367429
Last Updated: 02/19/2021
