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4109 Livingstone Place Durham, NC 27707

4 Beds 3 Baths 1,859 sqft Built 1979

$300,000

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $161.38
  • 4 Days on Market
  • MLS # : 2360552
  • Updated Date : 01/08/2021 at 02:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,859 sqft
  • Baths : 3 full
Listing Agent

501 Nest Realty

Listing Agent's Description

A REAL KNOCKOUT! No split-decision needed on this split level. Walk a few steps up to the open living and dining space with vaulted ceilings, hardwood floors, and wonderful natural light. Downstairs, you’ll find a den that's perfect for family movie nights, and tons of storage room. The backyard provides an awesome space to hang out with friends on the deck, or grill out on the patio. You're going to love the quiet, wooded neighborhood - just minutes away from shopping, grocery stores, parks, and more!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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

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
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$1,042
Property Tax -$260
Property Insurance -$63
Property Management Fees -$119
CASH FLOW
$166

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.

$300,000

PROJECTED PRICE

$1,650

PROJECTED RENT

0.55%

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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$29,528

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,840

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5953$1,6154$1,6505$1,950
$1,950
RENT COMPS ANALYSIS
  • 4109 Livingstone Place Durham, NC 4
    • 4 beds 3 baths ∙ 1,859 Sqft ∙ Built 1979 4 beds 3 baths ∙ 1,859 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.89
    •  
  • 718 Sleepy Creek Drive Durham, NC 1
    • 3 beds 3 baths ∙ 1,550 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,550 Sqft ∙ Built 1987
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.94
    •  
  • 3600 Sunningdale Way Durham, NC 2
    • 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1997
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.91
    •  
  • 3612 Sunningdale Way Durham, NC 3
    • 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
    •  
  • 4214 Trotter Ridge Road Durham, NC 5
    • 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1978
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.15
    •  
PROPERTY LISTING DETAILS
Caroline Deconto
1.984.242.7456
501 Nest Realty
Tamara Artist
1.866.250.5610
Homeunion NC, LLC
NCREC #C26317
Triangle Multiple Listing Service ( TMLS)
MLS #: 2360552
Last Updated: 01/08/2021
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