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52 Claymore Road Clayton, NC 27527

3 Beds 3 Baths 2,100 sqft Built 2007

$299,900

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $142.81
  • 5 Days on Market
  • MLS # : 2353220
  • Updated Date : 11/13/2020 at 20:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,100 sqft
  • Baths : 2 full , 1 half
Listing Agent

Hometowne Realty

Listing Agent's Description

Beautiful Home on a Corner lot! Granite counter tops, stainless appliances, 3 bedrooms With office/study and rec room. Screened in porch plus separate deck! Well Landscaped a MUST see home!!

SEE MORE

MARKET HIGHLIGHTS

  • 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
  • #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)

PRICE & RENT TRENDS

Neighborhood: The Knolls at the Neuse

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300kPrice in $131k310k

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

Neighborhood: The Knolls at the Neuse

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2100011001200130014001500160017001800Rent in $9461833

* 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
Powhatan Elementary School Primary Regular 565 35 6
Riverwood Middle School Middle Regular 1,149 64 7
Clayton High School High Regular 1,512 85 5

Powhatan Elementary School

  • Education Level: Primary
  • # of students: 565
  • # of teachers: 35
6
GreatSchools Rating

Riverwood Middle School

  • Education Level: Middle
  • # of students: 1,149
  • # of teachers: 64
7
GreatSchools Rating

Clayton High School

  • Education Level: High
  • # of students: 1,512
  • # of teachers: 85
5
GreatSchools Rating
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$1,107
Property Tax -$202
Property Insurance -$68
HOA -$10
Property Management Fees -$158
CASH FLOW
$214

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.

$299,900

PROJECTED PRICE

$1,760

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 3.3%
Maintenance Year (1-5) 8.00%
Vacancy 7.49%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

8.5

YEARS SAVED

$40,970

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,649

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5953$1,7504$1,7555$1,760
$1,760
RENT COMPS ANALYSIS
  • 52 Claymore Road Clayton, NC 5
    • 3 beds 3 baths ∙ 2,100 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,100 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.84
    •  
  • 139 Woodglen Drive Clayton, NC 1
    • 3 beds 3 baths ∙ 1,872 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,872 Sqft ∙ Built 2008
    LEASED 09/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.77
    •  
  • 200 Reno Court Clayton, NC 2
    • 3 beds 3 baths ∙ 2,151 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,151 Sqft ∙ Built 2016
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.74
    •  
  • 64 River Knoll Drive Clayton, NC 3
    • 3 beds 3 baths ∙ 2,200 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,200 Sqft ∙ Built 2007
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.80
    •  
  • 111 River Knoll Drive Clayton, NC 4
    • 3 beds 2 baths ∙ 2,113 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,113 Sqft ∙ Built 2007
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,755
    • $0.83
    •  
PROPERTY LISTING DETAILS
Michelle Cencelewski
1.919.946.0488
Hometowne Realty
Tamara Artist
1.866.250.5610
Homeunion NC, LLC
NCREC #C26317
Triangle Multiple Listing Service ( TMLS)
MLS #: 2353220
Last Updated: 11/13/2020
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