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PROPERTY INFO
FACTS
- Single Family
- Built In 2010
- Price/Sqft : $163.24
- 5 Days on Market
- MLS # : 2356022
- Updated Date : 12/03/2020 at 15:37
CONSTRUCTION
- Beds : 3
- Floor Size : 1,409 sqft
- Baths : 2 full
Listing Agent
Htr Capital Group
Listing Agent's Description
Beautifully kept home in fantastic Wendell location! This awesome home has it all, fireplace, two car garage, new paint, unfinished bonus space upstairs that already has insulation and sheetrock, new roof as of 2019, and an incredible entertaining deck. The yard is fenced and the shed in the back does convey!
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
- Major employers in Raleigh area: IBM, Cisco systems, Fidelity Investments, GlaxoSmithKline, RTI International
- One of Top 10 cities for Small Business Friendliness (Thumbtack, 2018)
- #7 Best Big City for Jobs 2018 (Forbes, 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
Zip Code: 27591
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 27591
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,260 |
| EXPENSES | Loan Payment | -$849 |
| Property Tax | -$151 | |
| Property Insurance | -$55 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$87
|
||
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.
$230,000
PROJECTED PRICE
$1,260
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 6.2% |
| 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
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$66,700
LOAN DETAILS
$849
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $57,500 |
| Loan Amount | $172,500 |
7.75
YEARS SAVED
$27,035
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,260
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$1,263
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
53 Jensen Drive Wendell, NC 3
- 3 beds 2 baths ∙ 1,409 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,409 Sqft ∙ Built 2010
![property image]()
- Rent
- Rent Per SQFT
- $1,260
- $0.89
-
104 Doe Circle Selma, NC 1
- 3 beds 3 baths ∙ 1,576 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,576 Sqft ∙ Built 2004
![property image]()
LEASED 01/01/20- Rent
- Rent Per SQFT
- $1,100
- $0.70
-
196 Morgan Parkway Zebulon, NC 2
- 3 beds 2 baths ∙ 1,132 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,132 Sqft ∙ Built 1998
![property image]()
LEASED 01/17/20- Rent
- Rent Per SQFT
- $1,200
- $1.06
-
107 Campen Court Clayton, NC 4
- 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 2001
![property image]()
LEASED 12/15/19- Rent
- Rent Per SQFT
- $1,350
- $0.93
PROPERTY LISTING DETAILS
1.630.779.9152
Htr Capital Group
1.866.250.5610
Homeunion NC, LLC
NCREC #C26317
MLS #: 2356022
Last Updated: 12/03/2020
