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4302 White Cliff Lane Durham, NC 27712

3 Beds 2 Baths 1,402 sqft Built 1989

$215,000

List Price

$1,460

$1.3K - $1.6K

Rent Est.

$62,725

Investment Est.

AVAILABLE

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AVAILABLE

1 Year
(+5.3%)
1 YR. PROJ. APPRECIATION


Cap Rate	4.9%
Cash Flow	$4,068
Value Increase	$11,744

10 YEAR

Cash On Cash	4.8%
Total Return	14.2%

PROPERTY INFO

SINGLE-FAMILY

February 20, 2021 RECENTLY ADDED

FACTS

Single Family
Built In 1989
Price/Sqft : $153.35
3 Days on Market
MLS # : 2367882
Updated Date : 02/20/2021 at 04:01

CONSTRUCTION

Beds : 3
Floor Size : 1,402 sqft
Baths : 2 full

Listing Agent

Reel Realty

Listing Agent's Description

This Charming Cape Cod Home is Situated on a Corner Lot and Features Laminate Flooring, First Floor Main Bedroom with Walk in Closet! Chef's Kitchen has BRAND NEW Vinyl Flooring, Granite Countertops, and Gas Stove Cooktop. Enjoy the Outdoors on Your Large Covered Porch or Back Deck! Roof Replaced 2016. Close to Shopping and Dining. Showings expected to begin 3/12

MARKET HIGHLIGHTS

Raleigh Market Report

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
#7 Best Big City for Jobs 2018 (Forbes, 2018)

Major employers in Raleigh area: IBM, Cisco systems, Fidelity Investments, GlaxoSmithKline, RTI International

Neighborhood: Bluffs of the Eno

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

Neighborhood: Bluffs of the Eno

* 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
Eno Valley Elementary School	Primary	Regular	592	43	2
Lucas Middle School	Middle	Regular	658	43	2
Northern High School	High	Regular	1,448	83	3

Eno Valley Elementary School

Education Level: Primary
# of students: 592
# of teachers: 43

GreatSchools Rating

Lucas Middle School

Education Level: Middle
# of students: 658
# of teachers: 43

GreatSchools Rating

Northern High School

Education Level: High
# of students: 1,448
# of teachers: 83

GreatSchools Rating

FINANCIALS

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$193,500$236,50000$215,000

PURCHASE PRICE

$1,314$1,60600$1,460

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	$1,460
EXPENSES	Loan Payment	-$747
	Property Tax	-$186
	Property Insurance	-$54
	HOA	-$14
	Property Management Fees	-$119



CASH FLOW $339

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.

$215,000

PROJECTED PRICE

$1,460

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	4.11%
Appreciation Year (1-5)	5.3%
Maintenance Year (1-5)	8.00%
Vacancy	8.54%
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

$62,725

Down Payment	$53,750
Rehab Estimate	$5,750
Closing Costs	$3,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$747

MONTHLY LOAN PAYMENT

30 yr

3.75%

25.00%

Down Payment

Term	30 Years
Interest	3.75%
Down Payment	$53,750
Loan Amount	$161,250

See What Happens When You Reinvest Cash Flow

13.08

YEARS SAVED

$44,705

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$1,460
LIST RENT
$1.04
LIST RENT PER SQFT

$1,479
COMP ESTIMATED VALUE
$1.06
COMP AVG. RENT PER SQFT

Comps Range

$1,460

1$1,4602$1,4953$1,5004$1,6005$1,600

$1,600

RENT COMPS ANALYSIS

1,402
PROPERTY SQFT
$1.06
AVG RENT PER SQFT
$1,479
ESTIMATED VALUE
$1,460
LIST RENT

4302 White Cliff Lane Durham, NC 5

3 beds 2 baths ∙ 1,402 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,402 Sqft ∙ Built 1989
Price

Price Per SQFT

$215,000

$153.35
722 Felicia Street Durham, NC 1

3 beds 2 baths ∙ 1,197 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,197 Sqft ∙ Built 1988
SOLD 09/18/20
Price

Price Per SQFT

$140,000

$116.96
5624 Earl Road Durham, NC 2

3 beds 2 baths ∙ 1,304 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,304 Sqft ∙ Built 1977
SOLD 08/28/20
Price

Price Per SQFT

$180,000

$138.04
402 Weeping Willow Drive Durham, NC 3

3 beds 3 baths ∙ 1,548 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,548 Sqft ∙ Built 2004
SOLD 09/16/20
Price

Price Per SQFT

$206,500

$133.40
112 Geranium Street Durham, NC 4

3 beds 3 baths ∙ 1,535 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,535 Sqft ∙ Built 2004
SOLD 11/24/20
Price

Price Per SQFT

$208,000

$135.50

4302 White Cliff Lane Durham, NC 1

3 beds 2 baths ∙ 1,402 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,402 Sqft ∙ Built 1989
Rent

Rent Per SQFT

$1,460

$1.04
511 Felicia Street Durham, NC 2

3 beds 3 baths ∙ 1,540 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,540 Sqft ∙ Built 2007
LEASED 08/17/20
Rent

Rent Per SQFT

$1,495

$0.97
821 Woodside Park Lane Durham, NC 3

3 beds 3 baths ∙ 1,500 Sqft ∙ Built 2009 3 beds 3 baths ∙ 1,500 Sqft ∙ Built 2009
LEASED 08/27/19
Rent

Rent Per SQFT

$1,500

$1.00
4112 Lazyriver Lane Durham, NC 4

3 beds 3 baths ∙ 1,464 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,464 Sqft ∙ Built 1988
LEASED 03/28/20
Rent

Rent Per SQFT

$1,600

$1.09
4212 Bluffs Lane Durham, NC 5

3 beds 2 baths ∙ 1,375 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,375 Sqft ∙ Built 1989
LEASED 01/29/21
Rent

Rent Per SQFT

$1,600

$1.16

PROPERTY LISTING DETAILS

Aaron Reel
1.919.896.4574
Reel Realty

Tamara Artist
1.866.250.5610
Homeunion NC, LLC
NCREC #C26317

Triangle Multiple Listing Service ( TMLS)
MLS #: 2367882
Last Updated: 02/20/2021

4302 White Cliff Lane Durham, NC 27712

$215,000

$1,460

$62,725

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Eno Valley Elementary School

Lucas Middle School

Northern High School

FINANCIALS

$193,500$236,50000$215,000

$1,314$1,60600$1,460

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$215,000

$1,460

0.68%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$747

13.08

$44,705

$215,000

$153.35

$183,627

$130.98

COMPS RANGE

PRICE COMPS ANALYSIS

$1,460

$1.04

$1,479

$1.06

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS