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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $156.64
- 6 Days on Market
- MLS # : 2361222
- Updated Date : 01/12/2021 at 19:48
CONSTRUCTION
- Beds : 3
- Floor Size : 1,506 sqft
- Baths : 2 full
Listing Agent
Lgi Realty Nc, Llc
Listing Agent's Description
Enjoy single-story living with the beautiful Alexander plan! You will love the chef-ready kitchen, which comes complete with energy-efficient appliances, wood cabinetry with crown molding, spacious granite countertops and more. A split bedroom layout offers privacy for the stunning master suite, which boasts a vaulted ceiling, walk-in closet and attached bath.Photos included in this listing's photo gallery are of a finished representative home of the same floor plan. Please contact the Information Center
SEE MORE
- Major employers in Raleigh area: IBM, Cisco systems, Fidelity Investments, GlaxoSmithKline, RTI International
- #7 Best Big City for Jobs 2018 (Forbes, 2018)
- 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
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
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,180 |
| EXPENSES | Loan Payment | -$819 |
| Property Tax | -$197 | |
| Property Insurance | -$57 | |
| HOA | -$25 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$37
|
||
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.
$235,900
PROJECTED PRICE
$1,180
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$64,514
LOAN DETAILS
$819
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $58,975 |
| Loan Amount | $176,925 |
4.67
YEARS SAVED
$11,293
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,180
LIST RENT -
$0.78
LIST RENT PER SQFT
-
$1,225
COMP ESTIMATED VALUE -
$0.81
COMP AVG. RENT PER SQFT
Comps Range
-
717 Frosty Way Zebulon, NC 1
- 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 2021 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 2021
- Rent
- Rent Per SQFT
- $1,180
- $0.78
-
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
Lgi Realty Nc, Llc
1.866.250.5610
Homeunion NC, LLC
NCREC #C26317
MLS #: 2361222
Last Updated: 01/12/2021
