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5252 W Us 70 Street Clayton, NC 27520

3 Beds 2 Baths 1,897 sqft Built 1970

$159,000

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $83.82
  • 2 Days on Market
  • MLS # : 2354866
  • Updated Date : 11/21/2020 at 21:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,897 sqft
  • Baths : 2 full
Listing Agent

Hometowne Realty

Listing Agent's Description

Spacious Brick Ranch with Carport and Workshop. 3 Bedrooms, 2 baths. Needs Tender Loving Care

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
  • Major employers in Raleigh area: IBM, Cisco systems, Fidelity Investments, GlaxoSmithKline, RTI International
  • #7 Best Big City for Jobs 2018 (Forbes, 2018)
  • One of Top 10 cities for Small Business Friendliness (Thumbtack, 2018)

PRICE & RENT TRENDS

Neighborhood: Glenhaven

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $107k265k

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

Neighborhood: Glenhaven

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2900100011001200130014001500Rent in $8231595

* 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
6
GreatSchools Rating

Clayton Middle School

  • Education Level: Middle
  • # of students: 793
  • # of teachers: 49
4
GreatSchools Rating

Clayton High School

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

$143,100$174,900$159,000

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$587
Property Tax -$163
Property Insurance -$64
Property Management Fees -$132
CASH FLOW
$524

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.

$159,000

PROJECTED PRICE

$1,470

PROJECTED RENT

0.92%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.76%
Appreciation Year (1-5) 5.4%
Maintenance Year (1-5) 8.00%
Vacancy 7.47%
Length of Stay Years 2

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$47,885

INVESTMENT

$47,885

Down Payment
$39,750
Rehab Estimate
$5,750
Closing Costs
$2,385

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$587

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $39,750
Loan Amount $119,250
See What Happens When You Reinvest Cash Flow

17.17

YEARS SAVED

$53,470

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,470

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,461

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,470
1$1,4702$1,525
$1,525
RENT COMPS ANALYSIS
  • 5252 W Us 70 Street Clayton, NC 1
    • 3 beds 2 baths ∙ 1,897 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,897 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $0.77
    •  
  • 629 E Main Street Clayton, NC 2
    • 3 beds 2 baths ∙ 1,971 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,971 Sqft ∙ Built 1956
    LEASED 11/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.77
    •  
PROPERTY LISTING DETAILS
Michelle Jarman - Casey
1.919.320.6637
Hometowne Realty
Tamara Artist
1.866.250.5610
Homeunion NC, LLC
NCREC #C26317
Triangle Multiple Listing Service ( TMLS)
MLS #: 2354866
Last Updated: 11/21/2020
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