Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $148.21
- 2 Days on Market
- MLS # : 2355487
- Updated Date : 11/28/2020 at 20:16
CONSTRUCTION
- Beds : 3
- Floor Size : 1,923 sqft
- Baths : 2 full , 1 half
Listing Agent
Howard Perry & Walston Realtor
Listing Agent's Description
Fabulous home in desirable Braxton Village! Double story entryway, hardwoods throughout first floor, separate dining rm with trey ceiling & millwork, breakfast room, walk in pantry! 3 bedrooms plus family/loft area easily converted to 4th bedrm. Screened in porch leading to a flat, large fenced backyard with tree buffer. Neighborhood amenities include pool & playground. Convenient to shopping, restaurants, schools.
SEE MORE
- 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)
- #7 Best Big City for Jobs 2018 (Forbes, 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: Braxton Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Braxton Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $1,600 |
EXPENSES | Loan Payment | -$1,052 |
Property Tax | -$247 | |
Property Insurance | -$65 | |
HOA | -$22 | |
Property Management Fees | -$144 | |
CASH FLOW
$71
|
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.
$285,000
PROJECTED PRICE
$1,600
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 4.33% |
Appreciation Year (1-5) | 6.3% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 7.51% |
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
$1,052
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $71,250 |
Loan Amount | $213,750 |
6.5
YEARS SAVED
$26,077
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,600
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$1,606
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
1.919.606.9277
Howard Perry & Walston Realtor
1.866.250.5610
Homeunion NC, LLC
NCREC #C26317
MLS #: 2355487
Last Updated: 11/28/2020