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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $127.14
- 7 Days on Market
- MLS # : 2359997
- Updated Date : 01/10/2021 at 00:20
CONSTRUCTION
- Beds : 4
- Floor Size : 2,281 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Preferred Realty
Listing Agent's Description
Welcome to a community that includes 2 ponds, nature trails, and membership to Granite Falls Swim & Athletic Club. This home has NEW carpet, new LVP and updates in the bathrooms and laundry, and fresh paint throughout. Large bedrooms upstairs and private office downstairs. Beautiful hardwoods throughout downstairs. NEW SS appliances in kitchen. Tile backsplash and solid countertops in kitchen. Lots of natural light. Workbench and shelving in garage. Walk to local schools, shopping, and dining.
SEE MORE
- 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)
- #7 Best Big City for Jobs 2018 (Forbes, 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
PRICE & RENT TRENDS
Neighborhood: Willow Crest
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Willow Crest
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $1,710 |
EXPENSES | Loan Payment | -$1,007 |
Property Tax | -$255 | |
Property Insurance | -$72 | |
HOA | -$108 | |
Property Management Fees | -$119 | |
CASH FLOW
$150
|
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.
$290,000
PROJECTED PRICE
$1,710
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 4.33% |
Appreciation Year (1-5) | 4.8% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 7.51% |
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
$82,600
LOAN DETAILS
$1,007
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 3.75% |
Down Payment | $72,500 |
Loan Amount | $217,500 |
8.58
YEARS SAVED
$33,307
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,710
LIST RENT -
$0.75
LIST RENT PER SQFT
-
$1,739
COMP ESTIMATED VALUE -
$0.76
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
1.919.291.0446
Keller Williams Preferred Realty
1.866.250.5610
Homeunion NC, LLC
NCREC #C26317
MLS #: 2359997
Last Updated: 01/10/2021