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
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2010
- Price/Sqft : $139.04
- 5 Days on Market
- MLS # : 2363588
- Updated Date : 01/28/2021 at 15:43
CONSTRUCTION
- Beds : 3
- Floor Size : 1,798 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Realty
Listing Agent's Description
Beautiful, well maintained 3 BR/2 Bath home in Knightdale. Kithchen featuring granite coutertops, tile backsplash, SS appliances and tons of cabinet space. Open floor plan, lots of natural light, hardwoods throughout the main level. Huge master with tray ceiling, 2 walk in closets, double vanity, separate tub and a shower. Additional 2 bedrooms and a full bath also on the second floor. Large fenced in back yard and patio are great for entertaining. Community pool available. Minutes from Hwy 540 & Hwy 264.
SEE MORE
- #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)
- 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: Churchill
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Churchill
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,500 |
| EXPENSES | Loan Payment | -$868 |
| Property Tax | -$202 | |
| Property Insurance | -$62 | |
| HOA | -$45 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$204
|
||
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.
$250,000
PROJECTED PRICE
$1,500
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 5.1% |
| 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
$72,000
LOAN DETAILS
$868
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $62,500 |
| Loan Amount | $187,500 |
9.58
YEARS SAVED
$34,144
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,500
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$1,510
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
-
2206 Ferdinand Drive Knightdale, NC 4
- 3 beds 3 baths ∙ 1,798 Sqft ∙ Built 2010 3 beds 3 baths ∙ 1,798 Sqft ∙ Built 2010
- Rent
- Rent Per SQFT
- $1,500
- $0.83
-
628 Twain Town Drive Knightdale, NC 1
- 3 beds 3 baths ∙ 1,803 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,803 Sqft ∙ Built 2005
LEASED 04/20/20- Rent
- Rent Per SQFT
- $1,495
- $0.83
-
714 Beddingfield Drive Knightdale, NC 2
- 3 beds 3 baths ∙ 1,762 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,762 Sqft ∙ Built 1991
LEASED 01/07/21- Rent
- Rent Per SQFT
- $1,495
- $0.85
-
516 Laurens Way Knightdale, NC 3
- 4 beds 3 baths ∙ 1,932 Sqft ∙ Built 1999 4 beds 3 baths ∙ 1,932 Sqft ∙ Built 1999
LEASED 02/29/20- Rent
- Rent Per SQFT
- $1,500
- $0.78
-
904 Pleasant Colony Drive Knightdale, NC 5
- 3 beds 3 baths ∙ 1,781 Sqft ∙ Built 2011 3 beds 3 baths ∙ 1,781 Sqft ∙ Built 2011
LEASED 03/13/20- Rent
- Rent Per SQFT
- $1,600
- $0.90
PROPERTY LISTING DETAILS
1.919.901.5080
Keller Williams Realty
1.866.250.5610
Homeunion NC, LLC
NCREC #C26317
MLS #: 2363588
Last Updated: 01/28/2021
