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

7204 Belleau Woods Drive Raleigh, NC 27610

3 Beds 2 Baths 1,210 sqft Built 2003

$229,000

List Price

$1,110

$999 - $1.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $189.26
  • 5 Days on Market
  • MLS # : 2395241
  • Updated Date : 07/12/2021 at 21:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,210 sqft
  • Baths : 2 full
Listing Agent

Crystal Clear Realty Group, Ll

Listing Agent's Description

Well maintained ranch style home with lots of curb appeal. Move in condition and offers Fresh Interior Paint, Newer Laminate Flooring, Large Living Room with Vaulted Ceiling and Gas Fireplace. Additionally, the Roof, HVAC and Ductwork are all recently added. Kitchen with Granite Counter Top. Covered back deck, perfect for entertaining. Master Bedroom Suite has a large Walk-In Closet. The Master Suite Bathroom has Double Vanity Sinks and Sep. Garden Tub and Shower. Home wont last long, its a must 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: Battle Bridge

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260kPrice in $122k277k

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

Neighborhood: Battle Bridge

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q29501000105011001150120012501300135014001450150015501600Rent in $9201630

* 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
Barwell Road Elementary School Primary Regular 798 57 3
East Garner Middle School Middle Magnet 1,361 83 4
South Garner High School High Regular NA

Barwell Road Elementary School

  • Education Level: Primary
  • # of students: 798
  • # of teachers: 57
3
GreatSchools Rating

East Garner Middle School

  • Education Level: Middle
  • # of students: 1,361
  • # of teachers: 83
4
GreatSchools Rating

South Garner High School

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

$206,100$251,900$229,000

PURCHASE PRICE

$999$1,221$1,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,110
EXPENSES Loan Payment -$795
Property Tax -$169
Property Insurance -$51
HOA -$13
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 15% of earned rent to cover both maintenance and periods of vacancy.

$229,000

PROJECTED PRICE

$1,110

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 4.8%
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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,435

INVESTMENT

$66,435

Down Payment
$57,250
Rehab Estimate
$5,750
Closing Costs
$3,435

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$795

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $57,250
Loan Amount $171,750
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$11,371

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,110

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,110

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,110
1$1,1102$1,2503$1,3754$1,3905$1,400
$1,400
RENT COMPS ANALYSIS
  • 7204 Belleau Woods Drive Raleigh, NC 1
    • 3 beds 2 baths ∙ 1,210 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,210 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,110
    • $0.92
    •  
  • 4304 Haverty Drive Raleigh, NC 2
    • 3 beds 3 baths ∙ 1,348 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,348 Sqft ∙ Built 2005
    property image
    LEASED 06/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.93
    •  
  • 4632 Queen Pierrette Street Raleigh, NC 3
    • 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 2016
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.91
    •  
  • 7128 Missionary Ridge Drive Raleigh, NC 4
    • 3 beds 3 baths ∙ 1,555 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,555 Sqft ∙ Built 1999
    property image
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $0.89
    •  
  • 4116 Mackinac Island Lane Raleigh, NC 5
    • 3 beds 3 baths ∙ 1,482 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,482 Sqft ∙ Built 1999
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.94
    •  
PROPERTY LISTING DETAILS
Jevon Murphy
1.919.473.6803
Crystal Clear Realty Group, Ll
Tamara Artist
1.866.250.5610
Homeunion NC, LLC
NCREC #C26317
Triangle Multiple Listing Service ( TMLS)
MLS #: 2395241
Last Updated: 07/12/2021
BESbswy