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466 Country Lane Clayton, NC 27520

3 Beds 2 Baths 1,256 sqft Built 1994

INVESTimate

$196,000

List Price

$1,150

$1,035 - $1,265

Rent Est.

$57,690

Investment Est.

$206,545 ( +5.38%) 1 YR EST. FORECAST

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AVAILABLE

1 YEAR
Gross Yield	7.04%
NOI	$8,379

15 YEAR
Yield	8.07%
Appreciation	3.45%
TOTAL RETURN	21.72%

PROPERTY INFO

August 25, 2020 RECENTLY ADDED

FACTS

Built In 1994
Price/Sqft : $156.05
3 Days on Market
MLS # : 2338971
Updated Date : 08/25/2020 at 01:10

CONSTRUCTION

Beds : 3
Floor Size : 1,256 sqft
Baths : 2 full

Listing Agent

Exp Realty Llc

Listing Agent's Description

Coming Soon! Well maintained ranch home with no city taxes and no HOA. Manicured lot and landscaping, shed in backyard that has electricity perfect for a workspace or possible office. Interior features fresh paint, updated flooring, and a substantial master bedroom with ensuite. The eat-in kitchen is open to the spacious family room.

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466 Country Ln

Clayton, 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: Stephanie Woods

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

Neighborhood: Stephanie Woods

* 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
West Clayton Elementary School	Primary	Regular	902	58	6
Clayton Middle School	Middle	Regular	793	49	4
Clayton High School	High	Regular	1,512	85	5

West Clayton Elementary School

Education Level: Primary
# of students: 902
# of teachers: 58

GreatSchools Rating

Clayton Middle School

Education Level: Middle
# of students: 793
# of teachers: 49

GreatSchools Rating

Clayton High School

Education Level: High
# of students: 1,512
# of teachers: 85

GreatSchools Rating

FINANCIALS

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$176,400$215,60000$196,000

PURCHASE PRICE

$1,035$1,26500$1,150

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	%

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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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$1,150
EXPENSES	Loan Payment	-$723
	Property Tax	-$133
	Property Insurance	-$52
	Property Management Fees	-$104




CASH FLOW $139

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.

$196,000

PROJECTED PRICE

$1,150

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	3.76%
Appreciation Year (1-5)	5.38%
Maintenance Year (1-5)	8.00%
Vacancy	7.47%
Length of Stay Years	2

TOTAL CASH OUT OF POCKET

INVESTMENT

$57,690

Down Payment	$49,000
Rehab Estimate	$5,750
Closing Costs	$2,940

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$723

MONTHLY LOAN PAYMENT

30 yr

4.25%

25.00%

Down Payment

Term	30 Years
Interest	4.25%
Down Payment	$49,000
Loan Amount	$147,000

See What Happens When You Reinvest Cash Flow

8.42

YEARS SAVED

$26,121

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$1,150
LIST RENT
$0.92
LIST RENT PER SQFT

$1,165
COMP ESTIMATED VALUE
$0.93
COMP AVG. RENT PER SQFT

Comps Range

$1,150

1$1,1502$1,1503$1,2004$1,3005$1,395

$1,395

RENT COMPS ANALYSIS

1,256
PROPERTY SQFT
$0.93
AVG RENT PER SQFT
$1,165
ESTIMATED VALUE
$1,150
LIST RENT

466 Country Lane Clayton, 2

3 beds 2 baths ∙ 1,256 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,256 Sqft ∙ Built 1994
Price

Price Per SQFT

$196,000

$156.05
217 Pinecroft Drive Clayton, 1

3 beds 2 baths ∙ 1,485 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,485 Sqft ∙ Built 2000
SOLD 06/26/20
Price

Price Per SQFT

$192,500

$129.63
309 Waterford Drive Clayton, 3

3 beds 3 baths ∙ 1,520 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,520 Sqft ∙ Built 1999
SOLD 08/05/20
Price

Price Per SQFT

$201,000

$132.24
1694 Ranch Road Clayton, 4

3 beds 2 baths ∙ 1,516 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,516 Sqft ∙ Built 1987
SOLD 06/08/20
Price

Price Per SQFT

$203,400

$134.17
2110 Twin Acres Road Clayton, 5

3 beds 3 baths ∙ 1,546 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,546 Sqft ∙ Built 1988
SOLD 08/13/20
Price

Price Per SQFT

$208,000

$134.54

466 Country Lane Clayton, 2

3 beds 2 baths ∙ 1,256 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,256 Sqft ∙ Built 1994
Rent

Rent Per SQFT

$1,150

$0.92
1032 Cove Circle Clayton, 1

3 beds 2 baths ∙ 1,228 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,228 Sqft ∙ Built 2001
LEASED 01/03/20
Rent

Rent Per SQFT

$1,150

$0.94
1020 Cove Circle Clayton, 3

3 beds 2 baths ∙ 1,262 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,262 Sqft ∙ Built 2001
LEASED 06/04/20
Rent

Rent Per SQFT

$1,200

$0.95
408 Waterford Drive Clayton, 4

3 beds 3 baths ∙ 1,419 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,419 Sqft ∙ Built 1999
LEASED 10/18/19
Rent

Rent Per SQFT

$1,300

$0.92
207 W Horne Street Clayton, 5

4 beds 3 baths ∙ 1,556 Sqft ∙ Built 2011 4 beds 3 baths ∙ 1,556 Sqft ∙ Built 2011
LEASED 07/24/20
Rent

Rent Per SQFT

$1,395

$0.90

PROPERTY LISTING DETAILS

Steven Norris
1.919.749.1613
Exp Realty Llc

Tamara Artist
1.866.250.5610
Homeunion NC, LLC
NCREC #C26317

Triangle Multiple Listing Service ( TMLS)
MLS #: 2338971
Last Updated: 08/25/2020

466 Country Lane Clayton, NC 27520

INVESTimate

$196,000

$1,150

$57,690

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

West Clayton Elementary School

Clayton Middle School

Clayton High School

FINANCIALS

$176,400$215,60000$196,000

$1,035$1,26500$1,150

Acquisition Concierge

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$196,000

$1,150

0.59%

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$723

8.42

$26,121

$196,000

$156.05

$166,602

$132.64

COMPS RANGE

PRICE COMPS ANALYSIS

$1,150

$0.92

$1,165

$0.93

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS