Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

6424 Amber Bluffs Crescent Raleigh, NC 27616

4 Beds 4 Baths 2,783 sqft Built 2005

$300,000

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $107.80
  • 3 Days on Market
  • MLS # : 2352620
  • Updated Date : 11/06/2020 at 22:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,783 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Realty Cary

Listing Agent's Description

Awesome 4BR/3.5B home in Stone Ridge!Handsome flooring,Great Open Kitchen, Family & Living Room.Master Suite w/2 Walk-in Closets, elegant Trey Ceiling,private Bath boasting His/Her Vanities, Garden Tub, Walk-in shower & Water Closet. Jack & Jill Bath + a 3rd Full Bath. Large Bonus Rm has a closet so could be a 5th BR if needed.HUGE fenced backyard w/garden beds & fruit trees & the handsome Patio w/fire pit.New Roof in 2018.Fresh paint inside.Quick Walk to pool.Just Minutes to 540! Come SEE!

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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

PRICE & RENT TRENDS

Neighborhood: Stone Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280kPrice in $132k286k

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

Neighborhood: Stone Ridge

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q210001100120013001400150016001700Rent in $9461758

* 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
River Bend Elementary School Primary Regular 839 62 5
River Bend Middle School Middle Regular NA
Rolesville High School High Regular 1,200 69 NA

River Bend Elementary School

  • Education Level: Primary
  • # of students: 839
  • # of teachers: 62
5
GreatSchools Rating

River Bend Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Rolesville High School

  • Education Level: High
  • # of students: 1,200
  • # of teachers: 69
NA
GreatSchools Rating
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$1,107
Property Tax -$258
Property Insurance -$81
HOA -$50
Property Management Fees -$158
CASH FLOW
$96

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.

$300,000

PROJECTED PRICE

$1,750

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 4.3%
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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% 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 $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$25,718

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $0.63

    LIST RENT PER SQFT
  • $1,872

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6953$1,7504$1,9955$2,125
$2,125
RENT COMPS ANALYSIS
  • 6424 Amber Bluffs Crescent Raleigh, NC 3
    • 4 beds 4 baths ∙ 2,783 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,783 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.63
    •  
  • 4305 Snowcrest Lane Raleigh, NC 1
    • 4 beds 3 baths ∙ 2,516 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,516 Sqft ∙ Built 2005
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.66
    •  
  • 6112 Amber Bluffs Crescent Raleigh, NC 2
    • 4 beds 4 baths ∙ 2,773 Sqft ∙ Built 2007 4 beds 4 baths ∙ 2,773 Sqft ∙ Built 2007
    LEASED 02/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.61
    •  
  • 6100 Amber Bluffs Crescent Raleigh, NC 4
    • 5 beds 3 baths ∙ 3,000 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,000 Sqft ∙ Built 2007
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.67
    •  
  • 4512 Brintons Cottage Street Raleigh, NC 5
    • 5 beds 4 baths ∙ 2,804 Sqft ∙ Built 2017 5 beds 4 baths ∙ 2,804 Sqft ∙ Built 2017
    LEASED 06/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,125
    • $0.76
    •  
PROPERTY LISTING DETAILS
Ahmed Ammar
1.919.271.7426
Keller Williams Realty Cary
Tamara Artist
1.866.250.5610
Homeunion NC, LLC
NCREC #C26317
Triangle Multiple Listing Service ( TMLS)
MLS #: 2352620
Last Updated: 11/06/2020
BESbswy