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7725 Acc Boulevard Raleigh, NC 27617

3 Beds 3 Baths 1,602 sqft Built 2006

$254,000

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $158.55
  • 2 Days on Market
  • MLS # : 2357673
  • Updated Date : 12/13/2020 at 00:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,602 sqft
  • Baths : 2 full , 1 half
Listing Agent

Fonville Morisey/brier Creek Sales Office

Listing Agent's Description

Lovely Charleston style home with covered front porch, excellent location! Bright, open floorplan offering living/dining flexible space, plenty of windows and recessed lighting. Spacious kitchen w/island, Master suite w/2 closets, gracious bath w/garden tub/separate shower. Two further bedrooms joined by a bath. .Walking distance to shopping and dining. Convenient to 540, RTP, RDU, North Raleigh and Durham. Welcome home! W/D, Projector and Screen do not convey. Professional photos and measurements soon

SEE MORE

MARKET HIGHLIGHTS

  • 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

Neighborhood: Charleston Homes at Alexander Place

NeighborhoodNIR Market*CityMarket2010Year20002019160k180k200k220k240k260k280k300k320k340kPrice in $145k359k

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

Neighborhood: Charleston Homes at Alexander Place

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2900100011001200130014001500160017001800Rent in $8751873

* 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
Pleasant Groves Elementary School Primary Regular NA
Leesville Road Middle School Middle Regular 1,228 68 7
Leesville Road High School High Regular 2,281 122 8

Pleasant Groves Elementary School

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

Leesville Road Middle School

  • Education Level: Middle
  • # of students: 1,228
  • # of teachers: 68
7
GreatSchools Rating

Leesville Road High School

  • Education Level: High
  • # of students: 2,281
  • # of teachers: 122
8
GreatSchools Rating
 

$228,600$279,400$254,000

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$937
Property Tax -$210
Property Insurance -$58
HOA -$98
Property Management Fees -$119
CASH FLOW
$28

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$254,000

PROJECTED PRICE

$1,450

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.33%
Appreciation Year (1-5) 4.2%
Maintenance Year (1-5) 8.00%
Vacancy 7.51%
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$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,060

INVESTMENT

$73,060

Down Payment
$63,500
Rehab Estimate
$5,750
Closing Costs
$3,810

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$937

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $63,500
Loan Amount $190,500
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$23,527

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,454

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,425
1$1,4252$1,4503$1,4504$1,4505$1,495
$1,495
RENT COMPS ANALYSIS
  • 7725 Acc Boulevard Raleigh, NC 4
    • 3 beds 3 baths ∙ 1,602 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,602 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.91
    •  
  • 7713 Acc Boulevard Raleigh, NC 1
    • 3 beds 3 baths ∙ 1,621 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,621 Sqft ∙ Built 2006
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.88
    •  
  • 7748 Acc Boulevard Raleigh, NC 2
    • 3 beds 3 baths ∙ 1,584 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,584 Sqft ∙ Built 2006
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.92
    •  
  • 7745 Acc Boulevard Raleigh, NC 3
    • 3 beds 3 baths ∙ 1,600 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,600 Sqft ∙ Built 2006
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.91
    •  
  • 7711 Acc Boulevard Raleigh, NC 5
    • 3 beds 3 baths ∙ 1,630 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,630 Sqft ∙ Built 2006
    property image
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.92
    •  
PROPERTY LISTING DETAILS
Becky Kaufman
1.919.414.5939
Fonville Morisey/brier Creek Sales Office
Tamara Artist
1.866.250.5610
Homeunion NC, LLC
NCREC #C26317
Triangle Multiple Listing Service ( TMLS)
MLS #: 2357673
Last Updated: 12/13/2020
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