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4304 Lady Yvone Way Raleigh, NC 27610

3 Beds 3 Baths 1,220 sqft Built 2015

$205,000

List Price

$1,110

$999 - $1.2K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $168.03
  • 4 Days on Market
  • MLS # : 2364045
  • Updated Date : 01/29/2021 at 19:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,220 sqft
  • Baths : 2 full , 1 half
Listing Agent

Howard Perry & Walston Realtor

Listing Agent's Description

GREAT HOME AT A GREAT PRICE!! You'll love this stunning two story home located in Raleigh. 4304 Lady Yvone Way. features a spacious great room that leads around to an open dinette and kitchen, an owner's suite with private bath, as well as two additional bedrooms and another full bath! Schedule your private visit today!

SEE MORE

MARKET HIGHLIGHTS

  • #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
  • 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)

PRICE & RENT TRENDS

Neighborhood: Camelot Village

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300kPrice in $132k304k

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

Neighborhood: Camelot Village

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q29001000110012001300140015001600Rent in $8501630

* 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
East Garner Elementary School Primary Regular 637 41 4
East Garner Middle School Middle Magnet 1,361 83 4
South Garner High School High Regular NA

East Garner Elementary School

  • Education Level: Primary
  • # of students: 637
  • # of teachers: 41
4
GreatSchools Rating

East Garner Middle School

  • Education Level: Middle
  • # of students: 1,361
  • # of teachers: 83
4
GreatSchools Rating

South Garner High School

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

$184,500$225,500$205,000

PURCHASE PRICE

$999$1,221$1,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,110
EXPENSES Loan Payment -$712
Property Tax -$155
Property Insurance -$51
HOA -$30
Property Management Fees -$119
CASH FLOW
$43

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.

$205,000

PROJECTED PRICE

$1,110

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.0%
Maintenance Year (1-5) 8.00%
Vacancy 7.49%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$60,075

INVESTMENT

$60,075

Down Payment
$51,250
Rehab Estimate
$5,750
Closing Costs
$3,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$712

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $51,250
Loan Amount $153,750
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$16,264

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,110

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,101

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,110
1$1,1102$1,2003$1,2454$1,3505$1,375
$1,375
RENT COMPS ANALYSIS
  • 4304 Lady Yvone Way Raleigh, NC 1
    • 3 beds 3 baths ∙ 1,220 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,220 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $1,110
    • $0.91
    •  
  • 4325 Haverty Drive Raleigh, NC 2
    • 3 beds 3 baths ∙ 1,350 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,350 Sqft ∙ Built 2005
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.89
    •  
  • 4321 Haverty Drive Raleigh, NC 3
    • 3 beds 3 baths ∙ 1,352 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,352 Sqft ∙ Built 2005
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,245
    • $0.92
    •  
  • 4720 Queen Pierrette Street Raleigh, NC 4
    • 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 2016
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.89
    •  
  • 4632 Queen Pierrette Street Raleigh, NC 5
    • 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 2016
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.91
    •  
PROPERTY LISTING DETAILS
Steven Gunter
1.919.876.8824
Howard Perry & Walston Realtor
Tamara Artist
1.866.250.5610
Homeunion NC, LLC
NCREC #C26317
Triangle Multiple Listing Service ( TMLS)
MLS #: 2364045
Last Updated: 01/29/2021
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