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8829 Juaquin Lane 
Raleigh, NC
27603
3 Beds 2 Baths 1,260 sqft
Built 1993
INVESTimate
$215,000
List Price
$62,725
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PROPERTY INFO
FACTS
- Built In 1993
- Price/Sqft : $170.63
- 3 Days on Market
- MLS # : 2338984
- Updated Date : 08/25/2020 at 05:26
CONSTRUCTION
- Beds : 3
- Floor Size : 1,260 sqft
- Baths : 2 full
Listing Agent
Keller Williams Legacy
Listing Agent's Description
What an opportunity to own a ranch home in a great location! Lots of updates and move in ready. Spacious living room with gas fireplace and vaulted ceiling.Main living area hardwood,laminate in BR. Roof 2019, and HVAC &Hot water 2018. Kit. has SS appl.,chefs stove & tile back-splash. Bathrooms w/updated lighting, fixtures, and granite counter top. Large master suite has vaulted ceiling, double vanity and walk-in closet. Huge deck that backs to a private, wooded backyard. Large walk-in crawl space workshop
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
Neighborhood: Woods of Ashbury
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Woods of Ashbury
* 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 | $1,240 |
| EXPENSES | Loan Payment | -$793 |
| Property Tax | -$158 | |
| Property Insurance | -$52 | |
| HOA | -$13 | |
| Property Management Fees | -$112 | |
|
CASH FLOW
$112
|
||
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.
$215,000
PROJECTED PRICE
$1,240
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 5.69% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.49% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$62,725
LOAN DETAILS
$793
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $53,750 |
| Loan Amount | $161,250 |
7.42
YEARS SAVED
$23,636
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,240
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$1,235
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
8829 Juaquin Lane Raleigh, 1
- 3 beds 2 baths ∙ 1,260 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,260 Sqft ∙ Built 1993
![property image]()
- Rent
- Rent Per SQFT
- $1,240
- $0.98
-
8736 Manns Loop Road Apex, 2
- 3 beds 2 baths ∙ 1,257 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,257 Sqft ∙ Built 1992
![property image]()
LEASED 03/02/20- Rent
- Rent Per SQFT
- $1,295
- $1.03
-
8908 Juaquin Lane Raleigh, 3
- 3 beds 3 baths ∙ 1,432 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,432 Sqft ∙ Built 1997
![property image]()
LEASED 07/22/20- Rent
- Rent Per SQFT
- $1,295
- $0.90
-
2737 Brantley Drive Apex, 4
- 3 beds 2 baths ∙ 1,421 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,421 Sqft ∙ Built 1981
![property image]()
LEASED 06/03/19- Rent
- Rent Per SQFT
- $1,298
- $0.91
-
4820 Morecambe Way Apex, 5
- 3 beds 2 baths ∙ 1,246 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,246 Sqft ∙ Built 1998
![property image]()
LEASED 05/18/20- Rent
- Rent Per SQFT
- $1,350
- $1.08
PROPERTY LISTING DETAILS
1.919.656.1439
Keller Williams Legacy
1.866.250.5610
Homeunion NC, LLC
NCREC #C26317
MLS #: 2338984
Last Updated: 08/25/2020
