Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

4508 Archibald Way Raleigh, NC 27616

3 Beds 2 Baths 1,132 sqft Built 2001

$210,000

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $185.51
  • 9 Days on Market
  • MLS # : 2354944
  • Updated Date : 11/26/2020 at 11:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,132 sqft
  • Baths : 2 full
Listing Agent

Fonville Morisey/midtown Sales Office

Listing Agent's Description

COMING SOON!! Nicely maintained, hard-to-find 3BR 2BA ranch in great NE Raleigh location close to I540 & Triangle Town Center & convenient to RTP and Downtown Raleigh. New LVP flooring in kitchen & foyer, new countertops and faucets 2018. Nice back yard w/shed.

SEE MORE

MARKET HIGHLIGHTS

  • 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)

PRICE & RENT TRENDS

Neighborhood: Jacqueline Place

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $107k277k

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

Neighborhood: Jacqueline Place

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q28009001000110012001300140015001600Rent in $7401630

* 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
Fox Road Elementary School Primary Regular 706 53 4
Wake Forest Middle School Middle Regular 1,021 60 4
Wakefield High School High Regular 2,387 132 5

Fox Road Elementary School

  • Education Level: Primary
  • # of students: 706
  • # of teachers: 53
4
GreatSchools Rating

Wake Forest Middle School

  • Education Level: Middle
  • # of students: 1,021
  • # of teachers: 60
4
GreatSchools Rating

Wakefield High School

  • Education Level: High
  • # of students: 2,387
  • # of teachers: 132
5
GreatSchools Rating
 

$189,000$231,000$210,000

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$775
Property Tax -$155
Property Insurance -$70
Property Management Fees -$123
CASH FLOW
$247

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.

$210,000

PROJECTED PRICE

$1,370

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.76%
Appreciation Year (1-5) 5.7%
Maintenance Year (1-5) 8.00%
Vacancy 7.47%
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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,400

INVESTMENT

$61,400

Down Payment
$52,500
Rehab Estimate
$5,750
Closing Costs
$3,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$775

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $52,500
Loan Amount $157,500
See What Happens When You Reinvest Cash Flow

10.67

YEARS SAVED

$39,359

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,370

    LIST RENT
  • $0.62

    LIST RENT PER SQFT
  • $1,681

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,370
1$1,3702$1,5503$1,6004$1,6955$1,795
$1,795
RENT COMPS ANALYSIS
  • 4508 Archibald Way Raleigh, NC 1
    • 3 beds 2 baths ∙ 2,204 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,204 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $0.62
    •  
  • 5517 Keowee Way Raleigh, NC 2
    • 4 beds 3 baths ∙ 2,100 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,100 Sqft ∙ Built 2001
    property image
    LEASED 08/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.74
    •  
  • 6624 Professor Street Raleigh, NC 3
    • 3 beds 2 baths ∙ 2,175 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,175 Sqft ∙ Built 2000
    property image
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.74
    •  
  • 8504 Hobhouse Circle Raleigh, NC 4
    • 4 beds 3 baths ∙ 2,170 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,170 Sqft ∙ Built 1999
    property image
    LEASED 07/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.78
    •  
  • 5508 Cahaba Way Raleigh, NC 5
    • 4 beds 3 baths ∙ 2,270 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,270 Sqft ∙ Built 2000
    property image
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.79
    •  
PROPERTY LISTING DETAILS
Alice Wilkerson
1.919.827.6182
Fonville Morisey/midtown Sales Office
Tamara Artist
1.866.250.5610
Homeunion NC, LLC
NCREC #C26317
Triangle Multiple Listing Service ( TMLS)
MLS #: 2354944
Last Updated: 11/26/2020
BESbswy