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

705 Frosty Way Zebulon, NC 27597

3 Beds 3 Baths 1,800 sqft Built 2021

$242,900

List Price

$1,420

$1.3K - $1.6K

Rent Est.

$66,369

Investment Est.

AVAILABLE

REQUEST INFO

SCHEDULE APPOINTMENT

It's free, with no obligation

AVAILABLE

1 Year
(+4.6%)
1 YR. PROJ. APPRECIATION


Cap Rate	4.5%
Cash Flow	$2,004
Value Increase	$11,241

10 YEAR

Cash On Cash	2.1%
Total Return	12.2%

PROPERTY INFO

Built 2021 NEW CONSTRUCTION

January 08, 2021 RECENTLY ADDED

FACTS

Single Family
Built In 2021
Price/Sqft : $134.94
3 Days on Market
MLS # : 2360639
Updated Date : 01/08/2021 at 16:12

CONSTRUCTION

Beds : 3
Floor Size : 1,800 sqft
Baths : 2 full , 1 half

Listing Agent

Lgi Realty Nc, Llc

Listing Agent's Description

This stunning home has the open floor plan you desire! The spacious kitchen offers plenty of room to move around and high-end finishes such as a complete suite of energy-efficient Whirlpool® appliances, beautiful granite counter tops, real wood cabinetry with crown molding, and more. Upstairs, an incredible loft space offers an ideal flex space for your family to use as an office or game room! The master suite boasts a vaulted ceiling, large private bath and expansive walk-in closet.

100 W Gannon Ave

Zebulon, North Carolina

View on Google Maps

Custom Imagery

-

-

This image is no longer available

Rotate the view

Map Data© 2021 Google
Terms of Use
Report a problem
© 2021 Google
Map Data
© 2021 Google

Street View

1 of 31 X

MARKET HIGHLIGHTS

Raleigh Market Report

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

Zip Code: 27597

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

Zip Code: 27597

* 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
Zebulon Elementary School	Primary	Magnet	539	42	3
Zebulon Middle School	Middle	Magnet	556	42	3
East Wake High School	High	Regular			NA

Zebulon Elementary School

Education Level: Primary
# of students: 539
# of teachers: 42

GreatSchools Rating

Zebulon Middle School

Education Level: Middle
# of students: 556
# of teachers: 42

GreatSchools Rating

East Wake High School

Education Level: High
# of students:
# of teachers:

GreatSchools Rating

FINANCIALS

Learn how to read this

$218,610$267,19000$242,900

PURCHASE PRICE

$1,278$1,56200$1,420

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

Toggle to see the acquisition concierge fee. LEARN MORE

PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

Learn how to read this

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$1,420
EXPENSES	Loan Payment	-$844
	Property Tax	-$203
	Property Insurance	-$62
	HOA	-$25
	Property Management Fees	-$119



CASH FLOW $167

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$242,900

PROJECTED PRICE

$1,420

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	3.76%
Appreciation Year (1-5)	4.6%
Maintenance Year (1-5)	3.00%
Vacancy	7.47%
Length of Stay Years	2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

Cash Flow
Appreciation
Principal

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

TOTAL CASH OUT OF POCKET

INVESTMENT

$66,369

Down Payment	$60,725
Rehab Estimate	$2,000
Closing Costs	$3,644

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$844

MONTHLY LOAN PAYMENT

30 yr

3.75%

25.00%

Down Payment

Term	30 Years
Interest	3.75%
Down Payment	$60,725
Loan Amount	$182,175

See What Happens When You Reinvest Cash Flow

9.5

YEARS SAVED

$33,672

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$1,420
LIST RENT
$0.79
LIST RENT PER SQFT

$1,464
COMP ESTIMATED VALUE
$0.81
COMP AVG. RENT PER SQFT

Comps Range

$1,420

1$1,4202$1,4453$1,4754$1,475

$1,475

RENT COMPS ANALYSIS

1,800
PROPERTY SQFT
$0.81
AVG RENT PER SQFT
$1,464
ESTIMATED VALUE
$1,420
LIST RENT

705 Frosty Way Zebulon, NC 5

3 beds 3 baths ∙ 1,800 Sqft ∙ Built 2021 3 beds 3 baths ∙ 1,800 Sqft ∙ Built 2021
Price

Price Per SQFT

$242,900

$134.94
112 Brisk Drive Zebulon, NC 1

3 beds 3 baths ∙ 1,915 Sqft ∙ Built 2020 3 beds 3 baths ∙ 1,915 Sqft ∙ Built 2020
SOLD 12/18/20
Price

Price Per SQFT

$222,900

$116.40
784 Frosty Way Zebulon, NC 2

3 beds 3 baths ∙ 1,915 Sqft ∙ Built 2020 3 beds 3 baths ∙ 1,915 Sqft ∙ Built 2020
SOLD 12/07/20
Price

Price Per SQFT

$228,900

$119.53
805 Frosty Way Zebulon, NC 3

3 beds 3 baths ∙ 1,915 Sqft ∙ Built 2020 3 beds 3 baths ∙ 1,915 Sqft ∙ Built 2020
SOLD 11/24/20
Price

Price Per SQFT

$229,900

$120.05
121 Brisk Drive Zebulon, NC 4

3 beds 3 baths ∙ 1,915 Sqft ∙ Built 2020 3 beds 3 baths ∙ 1,915 Sqft ∙ Built 2020
SOLD 12/18/20
Price

Price Per SQFT

$231,900

$121.10

705 Frosty Way Zebulon, NC 1

3 beds 3 baths ∙ 1,800 Sqft ∙ Built 2021 3 beds 3 baths ∙ 1,800 Sqft ∙ Built 2021
Rent

Rent Per SQFT

$1,420

$0.79
708 Kenyon Spring Drive Zebulon, NC 2

4 beds 3 baths ∙ 1,801 Sqft ∙ Built 2019 4 beds 3 baths ∙ 1,801 Sqft ∙ Built 2019
LEASED 04/09/20
Rent

Rent Per SQFT

$1,445

$0.80
728 Kenyon Spring Drive Zebulon, NC 3

4 beds 3 baths ∙ 1,801 Sqft ∙ Built 2019 4 beds 3 baths ∙ 1,801 Sqft ∙ Built 2019
LEASED 04/15/20
Rent

Rent Per SQFT

$1,475

$0.82
201 Quincy Meadow Avenue Zebulon, NC 4

4 beds 3 baths ∙ 1,801 Sqft ∙ Built 2019 4 beds 3 baths ∙ 1,801 Sqft ∙ Built 2019
LEASED 05/01/20
Rent

Rent Per SQFT

$1,475

$0.82

PROPERTY LISTING DETAILS

Dayne Luck
Lgi Realty Nc, Llc

Tamara Artist
1.866.250.5610
Homeunion NC, LLC
NCREC #C26317

Triangle Multiple Listing Service ( TMLS)
MLS #: 2360639
Last Updated: 01/08/2021

705 Frosty Way Zebulon, NC 27597

$242,900

$1,420

$66,369

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Zebulon Elementary School

Zebulon Middle School

East Wake High School

FINANCIALS

$218,610$267,19000$242,900

$1,278$1,56200$1,420

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$242,900

$1,420

0.58%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$844

9.5

$33,672

$242,900

$134.94

$214,686

$119.27

COMPS RANGE

PRICE COMPS ANALYSIS

$1,420

$0.79

$1,464

$0.81

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS