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PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $116.51
- 3 Days on Market
- MLS # : 2362914
- Updated Date : 01/22/2021 at 15:08
CONSTRUCTION
- Beds : 4
- Floor Size : 2,368 sqft
- Baths : 2 full , 1 half
Listing Agent
Lgi Realty Nc, Llc
Listing Agent's Description
This gorgeous home has all of the features you are searching for! A large flex room offers the perfect space to utilize in a way that suits your family. The gorgeous kitchen boasts high-end finishes such as granite countertops, recessed lighting & energy-efficient appliances, including refrigerator. Large wooden cabinets w/crown molding & walk-in pantry offer ample storage space! every bedroom includes a walk-in closet. The master suite also boasts a vaulted ceiling and large private bath.
SEE MORE
- 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)
- #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)
PRICE & RENT TRENDS
Zip Code: 27597
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 27597
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,560 |
| EXPENSES | Loan Payment | -$958 |
| Property Tax | -$230 | |
| Property Insurance | -$73 | |
| HOA | -$25 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$154
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.
$275,900
PROJECTED PRICE
$1,560
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.76% |
| Appreciation Year (1-5) | 4.6% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 7.47% |
| 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
$75,114
LOAN DETAILS
$958
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $68,975 |
| Loan Amount | $206,925 |
8.67
YEARS SAVED
$33,619
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,560
LIST RENT -
$0.66
LIST RENT PER SQFT
-
$1,527
COMP ESTIMATED VALUE -
$0.65
COMP AVG. RENT PER SQFT
Comps Range
-
205 Brisk Drive Zebulon, NC 2
- 4 beds 3 baths ∙ 2,368 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,368 Sqft ∙ Built 2021
- Rent
- Rent Per SQFT
- $1,560
- $0.66
-
504 Willow Breeze Court Zebulon, NC 1
- 3 beds 3 baths ∙ 2,309 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,309 Sqft ∙ Built 2019
LEASED 02/03/20- Rent
- Rent Per SQFT
- $1,499
- $0.65
-
6105 Watsonia Drive Zebulon, NC 3
- 4 beds 3 baths ∙ 2,635 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,635 Sqft ∙ Built 2019
LEASED 04/13/20- Rent
- Rent Per SQFT
- $1,695
- $0.64
PROPERTY LISTING DETAILS
Lgi Realty Nc, Llc
1.866.250.5610
Homeunion NC, LLC
NCREC #C26317
MLS #: 2362914
Last Updated: 01/22/2021
