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

5005 Mocha Lane Raleigh, NC 27616

3 Beds 2 Baths 1,302 sqft Built 2002

INVESTimate

$215,000

List Price

$1,140

$1,026 - $1,254

Rent Est.

$231,749  ( +7.79%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2002
  • Price/Sqft : $165.13
  • 9 Days on Market
  • MLS # : 2337680
  • Updated Date : 08/26/2020 at 02:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,302 sqft
  • Baths : 2 full
Listing Agent

Rachel Kendall Team

Listing Agent's Description

Showing start 8/29. Rare ranch plan in The Park at Valley Stream! Soaring high ceilings, beautifully landscaped fenced in yard and rare 2 car garage are among the features you will love in this home. Stainless appliances, separate laundry, large master w/ walk in closet and 2 separate bedrooms with hall bath. Convenient location close to 540, 440, 64, 401, shopping, Wake Tech, and community pool! Seller is providing a home warranty through Home Warranty of America! Hurry!!!!!

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: Valley Stream

NeighborhoodNIR Market*CityMarket2010Year20002019140k150k160k170k180k190k200k210k220k230k240k250k260k270kPrice in $132k277k

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

Neighborhood: Valley Stream

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q29501000105011001150120012501300135014001450150015501600Rent in $9431630

* 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
River Bend Elementary School Primary Regular 839 62 5
River Bend Middle School Middle Regular NA
Rolesville High School High Regular 1,200 69 NA

River Bend Elementary School

  • Education Level: Primary
  • # of students: 839
  • # of teachers: 62
5
GreatSchools Rating

River Bend Middle School

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

Rolesville High School

  • Education Level: High
  • # of students: 1,200
  • # of teachers: 69
NA
GreatSchools Rating
 

$193,500$236,500$215,000

PURCHASE PRICE

$1,026$1,254$1,140

RENT

DOWN PAYMENT
FINANCING

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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,140
EXPENSES Loan Payment -$793
Property Tax -$174
Property Insurance -$53
HOA -$26
Property Management Fees -$103
CASH FLOW
-$9

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.

$215,000

PROJECTED PRICE

$1,140

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.79%
Maintenance Year (1-5) 8.00%
Vacancy 7.49%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,725

INVESTMENT

$62,725

Down Payment
$53,750
Rehab Estimate
$5,750
Closing Costs
$3,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$793

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $53,750
Loan Amount $161,250
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$11,021

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,140

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,146

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,140
1$1,1402$1,1953$1,2004$1,3005$1,300
$1,300
RENT COMPS ANALYSIS
  • 5005 Mocha Lane Raleigh, 1
    • 3 beds 2 baths ∙ 1,310 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,310 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,140
    • $0.87
    •  
  • 5000 Sand Cove Court Raleigh, 2
    • 3 beds 3 baths ∙ 1,357 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,357 Sqft ∙ Built 2000
    LEASED 02/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.88
    •  
  • 4513 Jelynn Street Raleigh, 3
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 2002
    LEASED 10/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.86
    •  
  • 4509 Fox Road Raleigh, 4
    • 3 beds 2 baths ∙ 1,444 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,444 Sqft ∙ Built 1986
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.90
    •  
  • 4622 Vendue Range Drive Raleigh, 5
    • 3 beds 3 baths ∙ 1,506 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,506 Sqft ∙ Built 1995
    LEASED 07/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.86
    •  
PROPERTY LISTING DETAILS
Rachel Kendall
1.919.782.4505
Rachel Kendall Team
Tamara Artist
1.866.250.5610
Homeunion NC, LLC
NCREC #C26317
Triangle Multiple Listing Service ( TMLS)
MLS #: 2337680
Last Updated: 08/26/2020
BESbswy