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93 Badger Pass Drive Clayton, NC 27527

3 Beds 3 Baths 2,139 sqft Built 2018

$247,500

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $115.71
  • 2 Days on Market
  • MLS # : 2359093
  • Updated Date : 12/26/2020 at 12:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,139 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Advantage

Listing Agent's Description

Showings Start Mon Dec. 28th. Spacious Home w/ Nice Open Floor Plan. Flat Back Yard w/ Nice Wooded View. Oversize Kitchen Includes Island & Nice Size Pantry. New Upgraded Appliances Includes a Built In Microwave; Double Oven Stove w/ Smooth Top; French Door Refrigerator with Freezer Drawer Bottom; & Dishwasher! Gutters & Garage Door Opener added by Sellers. Oversized Loft is a Great Open Office Area. Master Bedroom Includes Walk-In Closet & Bath w/ Tub & Separate Shower. Very Light & Bright Home!

SEE MORE

MARKET HIGHLIGHTS

  • Major employers in Raleigh area: IBM, Cisco systems, Fidelity Investments, GlaxoSmithKline, RTI International
  • One of Top 10 cities for Small Business Friendliness (Thumbtack, 2018)
  • #7 Best Big City for Jobs 2018 (Forbes, 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

Zip Code: 27527

ZipNIR Market*CityMarket2010Year20002019140k150k160k170k180k190k200k210k220k230k240k250k260kPrice in $131k265k

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

Zip Code: 27527

ZipNIR Market*CityMarket2010Year2000 Q22019 Q295010001050110011501200125013001350140014501500155016001650Rent in $9461678

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$222,750$272,250$247,500

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$913
Property Tax -$157
Property Insurance -$69
HOA -$9
Property Management Fees -$119
CASH FLOW
$273

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.

$247,500

PROJECTED PRICE

$1,540

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 3.6%
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$800k$900k

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$71,338

INVESTMENT

$71,338

Down Payment
$61,875
Rehab Estimate
$5,750
Closing Costs
$3,713

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$913

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $61,875
Loan Amount $185,625
See What Happens When You Reinvest Cash Flow

11.42

YEARS SAVED

$49,824

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,615

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5403$1,5954$1,6755$1,745
$1,745
RENT COMPS ANALYSIS
  • 93 Badger Pass Drive Clayton, NC 2
    • 3 beds 3 baths ∙ 2,139 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,139 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.72
    •  
  • 139 Woodglen Drive Clayton, NC 1
    • 3 beds 3 baths ∙ 1,872 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,872 Sqft ∙ Built 2008
    LEASED 09/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.77
    •  
  • 200 Reno Court Clayton, NC 3
    • 3 beds 3 baths ∙ 2,151 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,151 Sqft ∙ Built 2016
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.74
    •  
  • 1200 Neuse Ridge Drive Clayton, NC 4
    • 4 beds 6 baths ∙ 2,180 Sqft ∙ Built 2005 4 beds 6 baths ∙ 2,180 Sqft ∙ Built 2005
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.77
    •  
  • 151 National Drive Clayton, NC 5
    • 4 beds 3 baths ∙ 2,359 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,359 Sqft ∙ Built 2017
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.74
    •  
PROPERTY LISTING DETAILS
Dannielle Sampson
1.919.618.6688
Re/max Advantage
Tamara Artist
1.866.250.5610
Homeunion NC, LLC
NCREC #C26317
Triangle Multiple Listing Service ( TMLS)
MLS #: 2359093
Last Updated: 12/26/2020
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