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
INVESTimate
$299,989
List Price
$81,497
REQUEST INFO
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 2020
- Price/Sqft : $157.72
- 23 Days on Market
- MLS # : 2335259
- Updated Date : 08/25/2020 at 23:45
CONSTRUCTION
- Beds : 4
- Floor Size : 1,902 sqft
- Baths : 2 full
Listing Agent
Sgw Real Estate
Listing Agent's Description
Ready to move in home with lots of upgrades. Beautiful farmhouse front door; Blinds throughout including back glass door, granite countertops, back splash, pendant lighting in kitchen, electric stove has air fryer included; there is a gas line in kitchen, upgraded carpet and laminate flooring, garage door upgraded w window panels/sensor lights. Owner had ATT dig lines to home for fiber optic internet or 4G & installed electric connections box inside for easy setup. Clubhouse w pool & 24 hr gym.
SEE MORE
- 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
- #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)
PRICE & RENT TRENDS
Zip Code: 27529
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 27529
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $1,560 |
EXPENSES | Loan Payment | -$1,107 |
Property Tax | -$193 | |
Property Insurance | -$64 | |
HOA | -$83 | |
Property Management Fees | -$140 | |
CASH FLOW
-$27
|
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.
$299,989
PROJECTED PRICE
$1,560
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.78% |
Appreciation Year (1-5) | 4.90% |
Maintenance Year (1-5) | 3.00% |
Vacancy | 7.49% |
Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$81,497
LOAN DETAILS
$1,107
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $74,997 |
Loan Amount | $224,992 |
4.25
YEARS SAVED
$14,727
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,560
LIST RENT -
$0.82
LIST RENT PER SQFT
-
$1,357
COMP ESTIMATED VALUE -
$0.71
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
1.919.616.8054
Sgw Real Estate
1.866.250.5610
Homeunion NC, LLC
NCREC #C26317
MLS #: 2335259
Last Updated: 08/25/2020