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3729 Rosinburg Road Zebulon, NC 27597

3 Beds 2 Baths 1,364 sqft Built 1989

$222,500

List Price

$1,350

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $163.12
  • 5 Days on Market
  • MLS # : 2373935
  • Updated Date : 03/25/2021 at 20:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,364 sqft
  • Baths : 2 full
Listing Agent

Fonville Morisey/brier Creek Sales Office

Listing Agent's Description

Desirable Private Country Ranch w/Fenced Yard on .83 Acre Lot, Roof 2015, Interior Paint 2021, Vinyl Ext, Living Room, Bamboo Hardwood Floors, Cathedral Ceiling, Fireplace, Upgraded Cabinetry, Pantry, Ceiling Fan, Kitchen/Dining Rm, New Hot Water Heater 2020, Refinished Master Bath Counter 2021, Laundry Closet, Dishwasher, New Gas Pack 2020, Gutters 2020, Carport, Wired Detached Garage w/Extra Storage/Workshop possibilities, Driveway, Well w/Pump 2019, New Chimney Cap 2020, Screened Porch, Septic, No HOA.

SEE MORE

MARKET HIGHLIGHTS

  • Major employers in Raleigh area: IBM, Cisco systems, Fidelity Investments, GlaxoSmithKline, RTI International
  • #7 Best Big City for Jobs 2018 (Forbes, 2018)
  • 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

Neighborhood: Northway

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $106k265k

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

Neighborhood: Northway

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2700800900100011001200130014001500Rent in $6671595

* 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
Wakelon Elementary School Primary Regular 510 38 4
Zebulon Middle School Middle Magnet 556 42 3
East Wake High School High Unknown NA

Wakelon Elementary School

  • Education Level: Primary
  • # of students: 510
  • # of teachers: 38
4
GreatSchools Rating

Zebulon Middle School

  • Education Level: Middle
  • # of students: 556
  • # of teachers: 42
3
GreatSchools Rating

East Wake High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$200,250$244,750$222,500

PURCHASE PRICE

$1,215$1,485$1,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,350
EXPENSES Loan Payment -$773
Property Tax -$214
Property Insurance -$54
Property Management Fees -$119
CASH FLOW
$190

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.

$222,500

PROJECTED PRICE

$1,350

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.76%
Appreciation Year (1-5) 4.6%
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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,713

INVESTMENT

$64,713

Down Payment
$55,625
Rehab Estimate
$5,750
Closing Costs
$3,338

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$773

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $55,625
Loan Amount $166,875
See What Happens When You Reinvest Cash Flow

9.75

YEARS SAVED

$31,214

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,350

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,514

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,495
$1,495
RENT COMPS ANALYSIS
  • 3729 Rosinburg Road Zebulon, NC 1
    • 3 beds 2 baths ∙ 1,364 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,364 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.99
    •  
  • 10000 Wood Sap Lane Zebulon, NC 2
    • 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 2002
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.11
    •  
PROPERTY LISTING DETAILS
Frankie Hagan
1.919.696.5770
Fonville Morisey/brier Creek Sales Office
Tamara Artist
1.866.250.5610
Homeunion NC, LLC
NCREC #C26317
Triangle Multiple Listing Service ( TMLS)
MLS #: 2373935
Last Updated: 03/25/2021
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