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4715 Cardinal Grove Boulevard Raleigh, NC 27616

4 Beds 3 Baths 1,947 sqft Built 2000

$295,000

List Price

$1,730

$1.6K - $1.9K

Rent Est.

$83,925

Investment Est.

AVAILABLE

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AVAILABLE

1 Year
(+6.1%)
1 YR. PROJ. APPRECIATION


Cap Rate	4.3%
Cash Flow	$3,156
Value Increase	$18,466

10 YEAR

Cash On Cash	2.3%
Total Return	13.5%

PROPERTY INFO

SINGLE-FAMILY

July 13, 2021 RECENTLY ADDED

FACTS

Single Family
Built In 2000
Price/Sqft : $151.52
1 Days on Market
MLS # : 2395329
Updated Date : 07/13/2021 at 14:07

CONSTRUCTION

Beds : 4
Floor Size : 1,947 sqft
Baths : 2 full , 1 half

Listing Agent

Pindell-wilson Real Estate Co.

Listing Agent's Description

Exceptional Brick Front Cardinal Grove Beauty! All new paint throughout. New LVT flooring installed 1st floor as well carpet upstairs. Stunning granite with new sink complete the open concept kitchen. Great room features gas FP. Sep. formal dining could be home office. 4 bedrms, 2.5 bath. Spacious Owners retreat with vaulted ceiling. Large owner bath and walk-in closet. 2 car garage. See the nice fenced yard with expansive decking. Home warranty being offered by seller!

4715 Cardinal Grove Blvd

Raleigh, North Carolina

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MARKET HIGHLIGHTS

Raleigh Market Report

#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)
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

Neighborhood: Cardinal Grove

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

Neighborhood: Cardinal Grove

* 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
Sanford Creek Elementary School	Primary	Regular	697	45	4
River Bend Middle School	Middle	Unknown			NA
Rolesville High School	High	Unknown			NA

Sanford Creek Elementary School

Education Level: Primary
# of students: 697
# of teachers: 45

GreatSchools Rating

River Bend Middle School

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

GreatSchools Rating

Rolesville High School

Education Level: High
# of students:
# of teachers:

GreatSchools Rating

FINANCIALS

Learn how to read this

$265,500$324,50000$295,000

PURCHASE PRICE

$1,557$1,90300$1,730

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	$1,730
EXPENSES	Loan Payment	-$1,025
	Property Tax	-$226
	Property Insurance	-$65
	HOA	-$33
	Property Management Fees	-$119



CASH FLOW $263

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.

$295,000

PROJECTED PRICE

$1,730

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	3.78%
Appreciation Year (1-5)	6.1%
Maintenance Year (1-5)	8.00%
Vacancy	7.49%
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

$83,925

Down Payment	$73,750
Rehab Estimate	$5,750
Closing Costs	$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,025

MONTHLY LOAN PAYMENT

30 yr

3.75%

25.00%

Down Payment

Term	30 Years
Interest	3.75%
Down Payment	$73,750
Loan Amount	$221,250

See What Happens When You Reinvest Cash Flow

10.17

YEARS SAVED

$43,540

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$1,730
LIST RENT
$0.89
LIST RENT PER SQFT

$1,689
COMP ESTIMATED VALUE
$0.87
COMP AVG. RENT PER SQFT

Comps Range

$1,400

1$1,4002$1,4953$1,6954$1,7305$1,860

$1,860

RENT COMPS ANALYSIS

1,947
PROPERTY SQFT
$0.87
AVG RENT PER SQFT
$1,689
ESTIMATED VALUE
$1,730
LIST RENT

4715 Cardinal Grove Boulevard Raleigh, NC 5

4 beds 3 baths ∙ 1,947 Sqft ∙ Built 2000 4 beds 3 baths ∙ 1,947 Sqft ∙ Built 2000
Price

Price Per SQFT

$295,000

$151.52
5528 Wedgegate Drive Raleigh, NC 1

3 beds 3 baths ∙ 1,998 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,998 Sqft ∙ Built 1999
SOLD 01/28/21
Price

Price Per SQFT

$231,500

$115.87
4413 Cardinal Grove Boulevard Raleigh, NC 2

4 beds 3 baths ∙ 2,242 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,242 Sqft ∙ Built 2002
SOLD 07/21/20
Price

Price Per SQFT

$242,000

$107.94
4700 Patch Place Raleigh, NC 3

4 beds 3 baths ∙ 2,092 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,092 Sqft ∙ Built 2001
SOLD 10/29/20
Price

Price Per SQFT

$247,300

$118.21
4348 Cardinal Grove Boulevard Raleigh, NC 4

4 beds 3 baths ∙ 2,015 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,015 Sqft ∙ Built 2003
SOLD 03/12/21
Price

Price Per SQFT

$259,000

$128.54

4715 Cardinal Grove Boulevard Raleigh, NC 4

4 beds 3 baths ∙ 1,947 Sqft ∙ Built 2000 4 beds 3 baths ∙ 1,947 Sqft ∙ Built 2000
Rent

Rent Per SQFT

$1,730

$0.89
4356 Cardinal Grove Boulevard Raleigh, NC 1

3 beds 3 baths ∙ 1,600 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,600 Sqft ∙ Built 2003
LEASED 06/24/20
Rent

Rent Per SQFT

$1,400

$0.88
4828 Tommans Trail Raleigh, NC 2

3 beds 3 baths ∙ 1,765 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,765 Sqft ∙ Built 2003
LEASED 04/01/22
Rent

Rent Per SQFT

$1,495

$0.85
5612 Orchard Gate Way Raleigh, NC 3

4 beds 3 baths ∙ 2,000 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 2000
LEASED 11/01/20
Rent

Rent Per SQFT

$1,695

$0.85
5516 Wedgegate Drive Raleigh, NC 5

3 beds 3 baths ∙ 2,100 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,100 Sqft ∙ Built 1999
LEASED 06/05/20
Rent

Rent Per SQFT

$1,860

$0.89

PROPERTY LISTING DETAILS

Dewey Massey
1.919.271.1880
Pindell-wilson Real Estate Co.

Tamara Artist
1.866.250.5610
Homeunion NC, LLC
NCREC #C26317

Triangle Multiple Listing Service ( TMLS)
MLS #: 2395329
Last Updated: 07/13/2021

4715 Cardinal Grove Boulevard Raleigh, NC 27616

$295,000

$1,730

$83,925

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Sanford Creek Elementary School

River Bend Middle School

Rolesville High School

FINANCIALS

$265,500$324,50000$295,000

$1,557$1,90300$1,730

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$295,000

$1,730

0.59%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$1,025

10.17

$43,540

$295,000

$151.52

$229,045

$117.64

COMPS RANGE

PRICE COMPS ANALYSIS

$1,730

$0.89

$1,689

$0.87

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS