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9205 Cub Trail Raleigh, NC 27615

3 Beds 3 Baths 1,936 sqft Built 1995

$300,000

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1995
  • Price/Sqft : $154.96
  • 3 Days on Market
  • MLS # : 2352451
  • Updated Date : 11/06/2020 at 20:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,936 sqft
  • Baths : 2 full , 1 half
Listing Agent

Fonville Morisey/stonehenge Sales Office

Listing Agent's Description

SHOWINGS START SAT 11/7 at 10 am. Don't miss this if you're seeking a home w/screened porch looking out on a large serene fenced yard. 2nd level has 3 bedrooms and bonus. New roof 2017. 1st floor - new gas pack HVAC in 2017. Much of masonite siding has been replaced with fiber cement. Exterior painted 2017. Gutter screens 2019. Easy to work in kitchen w/separate laundry room nearby. Two car garage. Very convenient location to 540, shopping and Falls Lake. Enjoy nearby greenway to Durant Nature Park.

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: Heathrow Durant Trace

NeighborhoodNIR Market*CityMarket2010Year20002019160k180k200k220k240k260k280k300k320k340kPrice in $153k359k

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

Neighborhood: Heathrow Durant Trace

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q211001200130014001500160017001800Rent in $10181873

* 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
Durant Road Elementary School Primary Regular 977 63 4
Durant Road Middle School Middle Regular 1,245 78 5
Millbrook High School High Magnet 2,571 145 5

Durant Road Elementary School

  • Education Level: Primary
  • # of students: 977
  • # of teachers: 63
4
GreatSchools Rating

Durant Road Middle School

  • Education Level: Middle
  • # of students: 1,245
  • # of teachers: 78
5
GreatSchools Rating

Millbrook High School

  • Education Level: High
  • # of students: 2,571
  • # of teachers: 145
5
GreatSchools Rating
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$1,107
Property Tax -$278
Property Insurance -$65
HOA -$11
Property Management Fees -$140
CASH FLOW
-$50

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.

$300,000

PROJECTED PRICE

$1,550

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.33%
Appreciation Year (1-5) 5.9%
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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$15,053

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,550

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,597

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6003$1,6004$1,6005$1,745
$1,745
RENT COMPS ANALYSIS
  • 9205 Cub Trail Raleigh, NC 1
    • 3 beds 3 baths ∙ 1,936 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,936 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.80
    •  
  • 9124 Deershire Court Raleigh, NC 2
    • 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 1995
    LEASED 06/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.80
    •  
  • 7713 Harps Mill Woods Run Raleigh, NC 3
    • 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 1997
    LEASED 12/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.80
    •  
  • 8613 Clivedon Drive Raleigh, NC 4
    • 4 beds 3 baths ∙ 1,842 Sqft ∙ Built 1999 4 beds 3 baths ∙ 1,842 Sqft ∙ Built 1999
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.87
    •  
  • 1609 Farmington Grove Drive Raleigh, NC 5
    • 4 beds 2 baths ∙ 2,105 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,105 Sqft ∙ Built 1998
    LEASED 01/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.83
    •  
PROPERTY LISTING DETAILS
Marti Avant
1.919.302.8445
Fonville Morisey/stonehenge Sales Office
Tamara Artist
1.866.250.5610
Homeunion NC, LLC
NCREC #C26317
Triangle Multiple Listing Service ( TMLS)
MLS #: 2352451
Last Updated: 11/06/2020
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