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PROPERTY INFO
FACTS
- Built In 2009
- Price/Sqft : $149.54
- 6 Days on Market
- MLS # : 2351879
- Updated Date : 11/06/2020 at 22:07
CONSTRUCTION
- Beds : 3
- Floor Size : 1,738 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty Cary
Listing Agent's Description
Great 3BR/2BT RANCH home in center Rolesville. Well loved by original owner. 3BR/2BT with a 2-car garage and screened porch! Open floorplan features large living room w/ fireplace & kitchen with granite, SS and center island and separate dining room. Nice master suite with walk-in closet. Backyard is fenced and has an extended patio. Nice neighborhood amenities. Move in & enjoy!
SEE MORE
- #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: Villages of Rolesville
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Villages of Rolesville
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,530 |
| EXPENSES | Loan Payment | -$959 |
| Property Tax | -$230 | |
| Property Insurance | -$61 | |
| HOA | -$40 | |
| Property Management Fees | -$138 | |
|
CASH FLOW
$101
|
||
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.
$259,900
PROJECTED PRICE
$1,530
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 2.7% |
| 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
$74,624
LOAN DETAILS
$959
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $64,975 |
| Loan Amount | $194,925 |
6.5
YEARS SAVED
$24,100
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,530
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$1,389
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
-
683 Shefford Town Drive Rolesville, NC 3
- 3 beds 2 baths ∙ 1,758 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,758 Sqft ∙ Built 2009
- Rent
- Rent Per SQFT
- $1,530
- $0.87
-
655 Ashbrittle Drive Rolesville, NC 1
- 3 beds 3 baths ∙ 1,711 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,711 Sqft ∙ Built 2006
LEASED 04/14/20- Rent
- Rent Per SQFT
- $1,400
- $0.82
-
541 Ashgreen Court Rolesville, NC 2
- 4 beds 3 baths ∙ 1,900 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,900 Sqft ∙ Built 2007
LEASED 08/12/19- Rent
- Rent Per SQFT
- $1,450
- $0.76
PROPERTY LISTING DETAILS
1.919.612.5293
Keller Williams Realty Cary
1.866.250.5610
Homeunion NC, LLC
NCREC #C26317
MLS #: 2351879
Last Updated: 11/06/2020
