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4109 Livingstone Place Durham, NC 27707

4 Beds 3 Baths 1,800 sqft Built 1979

$289,900

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

YES TENANTED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $161.06
  • 10 Days on Market
  • MLS # : 2352536
  • Updated Date : 11/12/2020 at 22:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,800 sqft
  • Baths : 3 full
Listing Agent

Continental Real Estate Group, Inc.

Listing Agent's Description

Spacious split-foyer with lots of natural light. Vaulted ceiling and open floor plan w/ hardwood upstairs, downstairs an equally large den. New bathroom downstairs makes that the new master. 3 more bedrooms upstairs. Back patio for grilling out. The neighborhood is lovely. Grocery, restaurants, park and trail nearby.

SEE MORE

MARKET HIGHLIGHTS

  • 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
  • #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)

PRICE & RENT TRENDS

Neighborhood: Trotter Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $106k303k

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

Neighborhood: Trotter Ridge

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q290010001100120013001400150016001700Rent in $8591734

* 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
Creekside Elementary School Primary Regular 892 57 4
Sherwood Githens Middle School Middle Regular 1,011 62 5
Charles E. Jordan High School High Regular 1,848 107 4

Creekside Elementary School

  • Education Level: Primary
  • # of students: 892
  • # of teachers: 57
4
GreatSchools Rating

Sherwood Githens Middle School

  • Education Level: Middle
  • # of students: 1,011
  • # of teachers: 62
5
GreatSchools Rating

Charles E. Jordan High School

  • Education Level: High
  • # of students: 1,848
  • # of teachers: 107
4
GreatSchools Rating
 

$260,910$318,890$289,900

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$1,070
Property Tax -$255
Property Insurance -$60
Property Management Fees -$148
CASH FLOW
$108

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$289,900

PROJECTED PRICE

$1,640

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.42%
Appreciation Year (1-5) 3.6%
Maintenance Year (1-5) 8.00%
Vacancy 8.51%
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$900k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$82,574

INVESTMENT

$82,574

Down Payment
$72,475
Rehab Estimate
$5,750
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

6

YEARS SAVED

$23,277

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,640

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,636

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4003$1,5954$1,6155$1,640
$1,640
RENT COMPS ANALYSIS
  • 4109 Livingstone Place Durham, NC 5
    • 4 beds 3 baths ∙ 1,700 Sqft ∙ Built 1979 4 beds 3 baths ∙ 1,700 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $0.96
    •  
  • 4715 Rollingwood Drive Durham, NC 1
    • 3 beds 2 baths ∙ 1,446 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,446 Sqft ∙ Built 1986
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.96
    •  
  • 1119 Saxony Drive Durham, NC 2
    • 3 beds 2 baths ∙ 1,448 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,448 Sqft ∙ Built 1975
    LEASED 10/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.97
    •  
  • 56 Newton Drive Durham, NC 3
    • 4 beds 3 baths ∙ 1,666 Sqft ∙ Built 1985 4 beds 3 baths ∙ 1,666 Sqft ∙ Built 1985
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.96
    •  
  • 3612 Sunningdale Way Durham, NC 4
    • 3 beds 3 baths ∙ 1,681 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,681 Sqft ∙ Built 1996
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,615
    • $0.96
    •  
PROPERTY LISTING DETAILS
Christine Eisenberg
1.877.996.5728
Continental Real Estate Group, Inc.
Tamara Artist
1.866.250.5610
Homeunion NC, LLC
NCREC #C26317
Triangle Multiple Listing Service ( TMLS)
MLS #: 2352536
Last Updated: 11/12/2020
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