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

220 Juniper Drive Clayton, NC 27520

3 Beds 3 Baths 1,540 sqft Built 1989

$240,000

List Price

$1,300

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $155.84
  • 2 Days on Market
  • MLS # : 2373137
  • Updated Date : 03/21/2021 at 00:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,540 sqft
  • Baths : 2 full , 1 half
Listing Agent

Htr Southern Properties

Listing Agent's Description

Adorable ranch in convenient location! Enter from the rocking chair front porch into a spacious living room perfect for entertaining. This home has a desirable split floor plan w/ a Jack and Jill bathroom in the secondary bedrooms. The half bath is in the utility/laundry room off the kitchen. French doors open up to a covered back deck with HUGE carport. The large fenced backyard has a storage shed and a smaller fenced in area for pets or a garden. The sellers installed a water filtration system in 2019.

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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

PRICE & RENT TRENDS

Zip Code: 27520

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $107k265k

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

Zip Code: 27520

ZipNIR Market*CityMarket2010Year2000 Q22019 Q2900100011001200130014001500Rent in $8231595

* 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
Wilson's Mills Elementary School Primary Regular 536 39 5
Smithfield Middle School Middle Regular 744 55 5
Smithfield Selma High School High Regular 1,249 83 2

Wilson's Mills Elementary School

  • Education Level: Primary
  • # of students: 536
  • # of teachers: 39
5
GreatSchools Rating

Smithfield Middle School

  • Education Level: Middle
  • # of students: 744
  • # of teachers: 55
5
GreatSchools Rating

Smithfield Selma High School

  • Education Level: High
  • # of students: 1,249
  • # of teachers: 83
2
GreatSchools Rating
 

$216,000$264,000$240,000

PURCHASE PRICE

$1,170$1,430$1,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,300
EXPENSES Loan Payment -$834
Property Tax -$152
Property Insurance -$57
Property Management Fees -$119
CASH FLOW
$138

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.

$240,000

PROJECTED PRICE

$1,300

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.76%
Appreciation Year (1-5) 5.4%
Maintenance Year (1-5) 8.00%
Vacancy 7.47%
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$69,350

INVESTMENT

$69,350

Down Payment
$60,000
Rehab Estimate
$5,750
Closing Costs
$3,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$834

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $60,000
Loan Amount $180,000
See What Happens When You Reinvest Cash Flow

8.67

YEARS SAVED

$28,305

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,300

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,330

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,050
1$1,0502$1,3003$1,3004$1,599
$1,599
RENT COMPS ANALYSIS
  • 220 Juniper Drive Clayton, NC 3
    • 3 beds 3 baths ∙ 1,540 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,540 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.84
    •  
  • 302 Barbour Road Smithfield, NC 1
    • 3 beds 2 baths ∙ 1,315 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,315 Sqft ∙ Built 1978
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $0.80
    •  
  • 187 Nelson Court Clayton, NC 2
    • 3 beds 3 baths ∙ 1,631 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,631 Sqft ∙ Built 2002
    LEASED 10/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.80
    •  
  • 151 Bear Oak Drive Smithfield, NC 4
    • 4 beds 3 baths ∙ 1,618 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,618 Sqft ∙ Built 2006
    LEASED 02/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $0.99
    •  
PROPERTY LISTING DETAILS
Derek Wyatt
1.919.291.9428
Htr Southern Properties
Tamara Artist
1.866.250.5610
Homeunion NC, LLC
NCREC #C26317
Triangle Multiple Listing Service ( TMLS)
MLS #: 2373137
Last Updated: 03/21/2021
BESbswy