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4205 Viewmont Drive Raleigh, NC 27610

4 Beds 3 Baths 1,945 sqft Built 2001

$229,900

List Price

$1,590

$1.4K - $1.7K

Rent Est.

$66,674

Investment Est.

AVAILABLE

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AVAILABLE

1 Year
(+4.6%)
1 YR. PROJ. APPRECIATION


Cap Rate	5.1%
Cash Flow	$4,236
Value Increase	$10,746

10 YEAR

Cash On Cash	4.7%
Total Return	13.4%

PROPERTY INFO

December 07, 2020 RECENTLY ADDED

FACTS

Single Family
Built In 2001
Price/Sqft : $118.20
7 Days on Market
MLS # : 2356792
Updated Date : 12/11/2020 at 14:03

CONSTRUCTION

Beds : 4
Floor Size : 1,945 sqft
Baths : 2 full , 1 half

Listing Agent

Howard Perry & Walston Realtor

Listing Agent's Description

Lovely 2-story transitional home - priced to sell AS-IS. Come see this 4BR, 2.5BA home w/ open floor plan & great room. New roof in 2020. Tankless water heater. Head outside and enjoy entertaining friends on the 445 sq ft 2-level deck or have a game of volleyball in the spacious backyard - one of the largest in the neighborhood! And when the grass is mown, store your gear in the 12x19 shed tucked in the back of the lot. Close proximity to Walnut Creek Amphitheater. Sellers providing 1-year home warranty.

4205 Viewmont Dr

Raleigh, North Carolina

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MARKET HIGHLIGHTS

Raleigh Market Report

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)
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)

Neighborhood: Riverbrooke

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

Neighborhood: Riverbrooke

* 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
Walnut Creek Elementary School	Primary	Regular	818	49	NA
West Lake Middle School	Middle	Regular	1,344	77	6
Southeast Raleigh High School	High	Magnet	1,538	110	4

Walnut Creek Elementary School

Education Level: Primary
# of students: 818
# of teachers: 49

GreatSchools Rating

West Lake Middle School

Education Level: Middle
# of students: 1,344
# of teachers: 77

GreatSchools Rating

Southeast Raleigh High School

Education Level: High
# of students: 1,538
# of teachers: 110

GreatSchools Rating

FINANCIALS

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$206,910$252,89000$229,900

PURCHASE PRICE

$1,431$1,74900$1,590

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	$1,590
EXPENSES	Loan Payment	-$848
	Property Tax	-$186
	Property Insurance	-$65
	HOA	-$19
	Property Management Fees	-$119



CASH FLOW $353

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.

$229,900

PROJECTED PRICE

$1,590

PROJECTED RENT

0.69%

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

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

TOTAL CASH OUT OF POCKET

INVESTMENT

$66,674

Down Payment	$57,475
Rehab Estimate	$5,750
Closing Costs	$3,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$848

MONTHLY LOAN PAYMENT

30 yr

4.25%

25.00%

Down Payment

Term	30 Years
Interest	4.25%
Down Payment	$57,475
Loan Amount	$172,425

See What Happens When You Reinvest Cash Flow

13.08

YEARS SAVED

$55,308

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$1,590
LIST RENT
$0.82
LIST RENT PER SQFT

$1,561
COMP ESTIMATED VALUE
$0.8
COMP AVG. RENT PER SQFT

Comps Range

$1,525

1$1,5252$1,5503$1,5754$1,5905$1,600

$1,600

RENT COMPS ANALYSIS

1,945
PROPERTY SQFT
$0.8
AVG RENT PER SQFT
$1,561
ESTIMATED VALUE
$1,590
LIST RENT

4205 Viewmont Drive Raleigh, NC 3

4 beds 3 baths ∙ 1,945 Sqft ∙ Built 2001 4 beds 3 baths ∙ 1,945 Sqft ∙ Built 2001
Price

Price Per SQFT

$229,900

$118.20
4815 Stone Branch Drive Raleigh, NC 1

4 beds 2 baths ∙ 1,861 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,861 Sqft ∙ Built 2013
SOLD 07/30/20
Price

Price Per SQFT

$215,000

$115.53
1642 Brownairs Lane Raleigh, NC 2

4 beds 3 baths ∙ 2,001 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,001 Sqft ∙ Built 2006
SOLD 08/17/20
Price

Price Per SQFT

$225,000

$112.44
116 Pasadena Road Garner, NC 4

4 beds 3 baths ∙ 1,995 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,995 Sqft ∙ Built 2006
SOLD 11/05/20
Price

Price Per SQFT

$251,000

$125.81
2703 Follow Me Way Raleigh, NC 5

4 beds 3 baths ∙ 2,067 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,067 Sqft ∙ Built 2010
SOLD 11/13/20
Price

Price Per SQFT

$260,000

$125.79

4205 Viewmont Drive Raleigh, NC 4

4 beds 3 baths ∙ 1,945 Sqft ∙ Built 2001 4 beds 3 baths ∙ 1,945 Sqft ∙ Built 2001
Rent

Rent Per SQFT

$1,590

$0.82
2516 Quarry Ridge Lane Raleigh, NC 1

3 beds 3 baths ∙ 1,860 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,860 Sqft ∙ Built 2006
LEASED 11/17/20
Rent

Rent Per SQFT

$1,525

$0.82
3012 Tuckland Drive Raleigh, NC 2

4 beds 3 baths ∙ 1,944 Sqft ∙ Built 2000 4 beds 3 baths ∙ 1,944 Sqft ∙ Built 2000
LEASED 12/01/20
Rent

Rent Per SQFT

$1,550

$0.80
3001 Hayling Drive Raleigh, NC 3

4 beds 3 baths ∙ 1,944 Sqft ∙ Built 2001 4 beds 3 baths ∙ 1,944 Sqft ∙ Built 2001
LEASED 05/25/20
Rent

Rent Per SQFT

$1,575

$0.81
2643 Quarry Springs Road Raleigh, NC 5

3 beds 3 baths ∙ 2,058 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,058 Sqft ∙ Built 2004
LEASED 06/11/20
Rent

Rent Per SQFT

$1,600

$0.78

PROPERTY LISTING DETAILS

Lori Dillard
1.919.602.2411
Howard Perry & Walston Realtor

Tamara Artist
1.866.250.5610
Homeunion NC, LLC
NCREC #C26317

Triangle Multiple Listing Service ( TMLS)
MLS #: 2356792
Last Updated: 12/11/2020

4205 Viewmont Drive Raleigh, NC 27610

$229,900

$1,590

$66,674

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Walnut Creek Elementary School

West Lake Middle School

Southeast Raleigh High School

FINANCIALS

$206,910$252,89000$229,900

$1,431$1,74900$1,590

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$229,900

$1,590

0.69%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$848

13.08

$55,308

$229,900

$118.2

$233,191

$119.89

COMPS RANGE

PRICE COMPS ANALYSIS

$1,590

$0.82

$1,561

$0.8

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS