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255 San Periro Drive #256 Ryder Clayton, NC 27527

3 Beds 2 Baths 1,639 sqft Built 2020

$285,900

List Price

$1,380

$1.2K - $1.5K

Rent Est.

$77,764

Investment Est.

AVAILABLE

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AVAILABLE

1 Year
(+3.6%)
1 YR. PROJ. APPRECIATION


Cap Rate	3.5%
Cash Flow	-$1,272
Value Increase	$10,278

10 YEAR

Cash On Cash	-2.5%
Total Return	8.2%

PROPERTY INFO

Built 2020 NEW CONSTRUCTION

January 02, 2021 RECENTLY ADDED

FACTS

Single Family
Built In 2020
Price/Sqft : $174.44
2 Days on Market
MLS # : 2359740
Updated Date : 01/02/2021 at 15:36

CONSTRUCTION

Beds : 3
Floor Size : 1,639 sqft
Baths : 2 full

Listing Agent

Terramor Homes

Listing Agent's Description

Enjoy one level living in our cute and functional Ryder plan! Grand Foyer leads to the open concept Kitchen Living area overlooking the Backyard. Enjoy nights in front of the Fireplace or on the Screened Patio. Two Guest Bedrooms, a Full Bath and a Huge Owner's Suite make this home a perfect choice! Our Inspired Design Package features White Cabinets, Granite Countertops, Tile Backsplash, Hardwood Laminate, and much more. Don't miss your chance to live in this booming community!

MARKET HIGHLIGHTS

Raleigh Market Report

#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)

Zip Code: 27527

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

Zip Code: 27527

* 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
East Clayton Elementary School	Primary	Regular	563	39	5
Archer Lodge Middle School	Middle	Regular	1,058	62	4
Corinth Holders High School	High	Regular	1,679	91	5

East Clayton Elementary School

Education Level: Primary
# of students: 563
# of teachers: 39

GreatSchools Rating

Archer Lodge Middle School

Education Level: Middle
# of students: 1,058
# of teachers: 62

GreatSchools Rating

Corinth Holders High School

Education Level: High
# of students: 1,679
# of teachers: 91

GreatSchools Rating

FINANCIALS

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$257,310$314,49000$285,900

PURCHASE PRICE

$1,242$1,51800$1,380

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

Learn how to read this

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$1,380
EXPENSES	Loan Payment	-$1,055
	Property Tax	-$193
	Property Insurance	-$59
	HOA	-$60
	Property Management Fees	-$119



CASH FLOW -$106

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.

$285,900

PROJECTED PRICE

$1,380

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	3.78%
Appreciation Year (1-5)	3.6%
Maintenance Year (1-5)	3.00%
Vacancy	7.49%
Length of Stay Years	2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

Cash Flow
Appreciation
Principal

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

TOTAL CASH OUT OF POCKET

INVESTMENT

$77,764

Down Payment	$71,475
Rehab Estimate	$2,000
Closing Costs	$4,289

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,055

MONTHLY LOAN PAYMENT

30 yr

4.25%

25.00%

Down Payment

Term	30 Years
Interest	4.25%
Down Payment	$71,475
Loan Amount	$214,425

See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$12,204

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
$0.84
LIST RENT PER SQFT

$1,397
COMP ESTIMATED VALUE
$0.85
COMP AVG. RENT PER SQFT

Comps Range

$1,380

1$1,3802$1,3953$1,4954$1,5255$1,600

$1,600

RENT COMPS ANALYSIS

1,639
PROPERTY SQFT
$0.85
AVG RENT PER SQFT
$1,397
ESTIMATED VALUE
$1,380
LIST RENT

255 San Periro Drive Clayton, NC 5

3 beds 2 baths ∙ 1,639 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,639 Sqft ∙ Built 2020
Price

Price Per SQFT

$285,900

$174.44
49 Cecina Court Clayton, NC 1

3 beds 3 baths ∙ 1,669 Sqft ∙ Built 2020 3 beds 3 baths ∙ 1,669 Sqft ∙ Built 2020
SOLD 09/23/20
Price

Price Per SQFT

$221,409

$132.66
199 Ashley Woods Court Clayton, NC 2

3 beds 2 baths ∙ 1,716 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 2018
SOLD 08/13/20
Price

Price Per SQFT

$265,000

$154.43
70 Carbone Lane Clayton, NC 3

3 beds 2 baths ∙ 1,748 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,748 Sqft ∙ Built 2019
SOLD 10/09/20
Price

Price Per SQFT

$274,500

$157.04
165 Carbone Lane Clayton, NC 4

3 beds 2 baths ∙ 1,786 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,786 Sqft ∙ Built 2020
SOLD 10/05/20
Price

Price Per SQFT

$276,050

$154.56

255 San Periro Drive Clayton, NC 1

3 beds 2 baths ∙ 1,639 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,639 Sqft ∙ Built 2020
Rent

Rent Per SQFT

$1,380

$0.84
190 Wrenwood Drive Clayton, NC 2

3 beds 3 baths ∙ 1,577 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,577 Sqft ∙ Built 2019
LEASED 01/28/20
Rent

Rent Per SQFT

$1,395

$0.88
64 Sundew Court Clayton, NC 3

3 beds 3 baths ∙ 1,800 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,800 Sqft ∙ Built 2004
LEASED 03/18/20
Rent

Rent Per SQFT

$1,495

$0.83
5 Valleyfield Drive Clayton, NC 4

3 beds 3 baths ∙ 1,760 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,760 Sqft ∙ Built 2007
LEASED 07/24/20
Rent

Rent Per SQFT

$1,525

$0.87
29 Stornoway Lane Clayton, NC 5

4 beds 3 baths ∙ 1,929 Sqft ∙ Built 2019 4 beds 3 baths ∙ 1,929 Sqft ∙ Built 2019
LEASED 04/17/20
Rent

Rent Per SQFT

$1,600

$0.83

PROPERTY LISTING DETAILS

Clark Brantley
1.919.215.7853
Terramor Homes

Tamara Artist
1.866.250.5610
Homeunion NC, LLC
NCREC #C26317

Triangle Multiple Listing Service ( TMLS)
MLS #: 2359740
Last Updated: 01/02/2021

255 San Periro Drive #256 Ryder Clayton, NC 27527

$285,900

$1,380

$77,764

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

East Clayton Elementary School

Archer Lodge Middle School

Corinth Holders High School

FINANCIALS

$257,310$314,49000$285,900

$1,242$1,51800$1,380

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$285,900

$1,380

0.48%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$1,055

3.92

$12,204

$285,900

$174.44

$245,313

$149.67

COMPS RANGE

PRICE COMPS ANALYSIS

$1,380

$0.84

$1,397

$0.85

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS