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50 Sweet Maple Court 
Clayton, NC
27527
4 Beds 2 Baths 1,902 sqft
Built 2020
INVESTimate
$281,800
List Price
$76,677
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PROPERTY INFO
FACTS
- Built In 2020
- Price/Sqft : $148.16
- 3 Days on Market
- MLS # : 2338953
- Updated Date : 08/24/2020 at 22:52
CONSTRUCTION
- Beds : 4
- Floor Size : 1,902 sqft
- Baths : 2 full
Listing Agent
Adams Homes Realty, Inc
Listing Agent's Description
Beautiful and Spacious true single floor living. This home features four bedrooms, two towards the front of the home and two towards the rear of the home which creates ample space and privacy all while being on one level! Revwood Laminate throughout all of the main living areas, upgraded carpet and padding in the bedrooms. The kitchen will feature full overlay white cabinets and upgraded appliances. This homesite backs up to a natural wooded area as well, creating ample privacy. EST completion-LATE OCT.
SEE MORE
- 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: Orchards at Summerlyn
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Orchards at Summerlyn
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,660 |
| EXPENSES | Loan Payment | -$1,040 |
| Property Tax | -$190 | |
| Property Insurance | -$64 | |
| HOA | -$42 | |
| Property Management Fees | -$149 | |
|
CASH FLOW
$175
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 11% of earned rent to cover both maintenance and periods of vacancy.
$281,800
PROJECTED PRICE
$1,660
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.33% |
| Appreciation Year (1-5) | 3.57% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 7.51% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$76,677
LOAN DETAILS
$1,040
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $70,450 |
| Loan Amount | $211,350 |
9
YEARS SAVED
$41,840
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,660
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$1,488
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
-
50 Sweet Maple Court Clayton, 5
- 4 beds 2 baths ∙ 1,902 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,902 Sqft ∙ Built 2020
- Rent
- Rent Per SQFT
- $1,660
- $0.87
-
84 Hemlock Green Lane Clayton, 1
- 3 beds 3 baths ∙ 1,913 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,913 Sqft ∙ Built 2014
LEASED 01/31/20- Rent
- Rent Per SQFT
- $1,445
- $0.76
-
45 Standing Oaks Lane Clayton, 2
- 3 beds 3 baths ∙ 1,915 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,915 Sqft ∙ Built 2014
LEASED 08/09/19- Rent
- Rent Per SQFT
- $1,475
- $0.77
-
385 Wrenwood Drive Clayton, 3
- 3 beds 3 baths ∙ 1,985 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,985 Sqft ∙ Built 2019
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,590
- $0.80
-
355 Wrenwood Drive Clayton, 4
- 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 2020
LEASED 05/05/20- Rent
- Rent Per SQFT
- $1,600
- $0.80
PROPERTY LISTING DETAILS
1.919.576.5340
Adams Homes Realty, Inc
1.866.250.5610
Homeunion NC, LLC
NCREC #C26317
MLS #: 2338953
Last Updated: 08/24/2020
