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619 Hatch Road Chapel Hill, NC 27516

3 Beds 2 Baths 1,392 sqft Built 1962

$299,900

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $215.45
  • 26 Days on Market
  • MLS # : 2357019
  • Updated Date : 12/30/2020 at 23:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,392 sqft
  • Baths : 2 full
Listing Agent

Sewell Realty Group

Listing Agent's Description

Beautifully remodeled home. New flooring, fully remodeled bathrooms and kitchen. Freshly painted with designer colors. Amazing backyard surrounded by trees for privacy. You will not find a home like it! Conveniently located, close to Carrboro, Hillsborough, UNC and NC-54. Come see it, you will not be disappointed.

SEE MORE

MARKET HIGHLIGHTS

  • #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
  • 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

Zip Code: 27516

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $112k388k

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

Zip Code: 27516

ZipNIR Market*CityMarket2010Year2000 Q22019 Q210001100120013001400150016001700180019002000Rent in $9122092

* 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
Mcdougle Elementary School Primary Regular 477 38 5
Mcdougle Middle School Middle Regular 723 57 6
Chapel Hill High School High Regular 1,439 91 8

Mcdougle Elementary School

  • Education Level: Primary
  • # of students: 477
  • # of teachers: 38
5
GreatSchools Rating

Mcdougle Middle School

  • Education Level: Middle
  • # of students: 723
  • # of teachers: 57
6
GreatSchools Rating

Chapel Hill High School

  • Education Level: High
  • # of students: 1,439
  • # of teachers: 91
8
GreatSchools Rating
 

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

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$1,107
Property Tax -$274
Property Insurance -$54
Property Management Fees -$119
CASH FLOW
-$44

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$299,900

PROJECTED PRICE

$1,510

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.42%
Appreciation Year (1-5) 3.0%
Maintenance Year (1-5) 8.00%
Vacancy 8.51%
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$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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 50% 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

4.42

YEARS SAVED

$14,891

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,510

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $1,833

    COMP ESTIMATED VALUE
  • $1.32

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,5103$1,7004$1,795
$1,795
RENT COMPS ANALYSIS
  • 619 Hatch Road Chapel Hill, NC 2
    • 3 beds 2 baths ∙ 1,392 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,392 Sqft ∙ Built 1962
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $1.08
    •  
  • 1102 W Main Street Carrboro, NC 1
    • 3 beds 2 baths ∙ 1,053 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,053 Sqft ∙ Built 1957
    property image
    LEASED 11/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.32
    •  
  • 1303 W Main Street Carrboro, NC 3
    • 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1964
    property image
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.37
    •  
  • 100 Barrington Hill Road Chapel Hill, NC 4
    • 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1974
    property image
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.26
    •  
PROPERTY LISTING DETAILS
Bill Sewell
1.919.961.3765
Sewell Realty Group
Tamara Artist
1.866.250.5610
Homeunion NC, LLC
NCREC #C26317
Triangle Multiple Listing Service ( TMLS)
MLS #: 2357019
Last Updated: 12/30/2020
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