$1,499,000
Investment Summary
- Monthly Cash Flow
- -$4,705
- Cap Rate
- 2.5%
- Cash-on-Cash Return
- -16.4%
- Debt Coverage Ratio
- 0.40
- Internal Rate of Return (5 years)
- -11.8%
Cash Flow
Net Operating Income (NOI) minus mortgage payments.
Calculation:
NOI - Mortgage Payments
Cap Rate (Market Value)
Capitalization Rate is a rate of return that compares the yearly Net Operating Income (NOI) to the market value.
Calculation:
NOI / Market Value
Cash-on-Cash Return (CoC)
Annual Cash Flow / Cash Invested
Calculation:
Annual cash flow divided by initial cash invested.
Debt Coverage Ratio (DCR)
Net Operating Income (NOI) divided by total debt payments.
Calculation:
NOI / Total Debt Payments
Internal Rate of Return (IRR)
A metric for assessing profitability over time. IRR is the discount rate at which the net present value (NPV) of all future cash flows (positive and negative) from an investment equals zero — including both periodic cash flow (such as rent) and a projected sale at the end of the holding period. It represents the expected annualized return, accounting for income, expenses, and the recovery of capital through a future sale.
Property Description
Nestled in the prestigious Moorlands neighborhood, this stunning English brick and stone manor is the epitome of elegance and comfort. Discover the perfect blend of low-maintenance luxury and convenience in the heart of North Raleigh, just minutes from vibrant shopping and dining options at Lafayette Village. Positioned on a quiet cul-de-sac lot, the driveway and 3-car garage provide ample parking. This thoughtfully maintained 4-bedroom (could be 5 bedroom), 4.5-bathroom home combines timeless charm with modern luxury. At the front of the home, you'll find a spacious dining room and a study with French doors—ideal spaces for work or relaxation. A gracious covered front portico and soft arches invite you into this exceptional home, where you'll be greeted by a grand two-story foyer and staircase. A striking balcony overlooks the expansive family room, which is highlighted by a wall of windows, creating an open and inviting atmosphere. The main-level living areas exude sophistication, with custom details that are perfect for both everyday living and entertaining. The gourmet chef's kitchen is a culinary dream, equipped with top-of-the-line SUBZERO, WOLF, and BOSCH appliances, granite countertops, a five-burner gas cooktop, built-in ovens, a large island, a pantry, and a cozy breakfast area. For added convenience, there's a back staircase from the kitchen to the second floor, ensuring easy flow throughout the home. You'll enjoy time by the fireplace and a beautiful view of the private, wooded backyard. The main-level owner's suite is a luxurious retreat, offering a spacious layout, a huge walk-in closet, dual sinks, and a separate garden tub and shower. The oversized bay windows provide a tranquil, treehouse-like view of the yard, making it the perfect place to unwind. Upstairs, three additional bedrooms offer ample space and privacy—one with a private ensuite and two that share a Jack-and-Jill bathroom. The walk-out basement provides an ideal space for entertaining, featuring a generously sized bedroom, a full bathroom, a workshop, and plenty of additional storage. It's the perfect area for guests to enjoy comfort and privacy. The unfinished section of the basement offers abundant storage and the potential for further expansion, while the attic above the garage provides even more opportunities for future square footage. Outdoor living is a highlight of this property, with a large deck overlooking the meticulously landscaped backyard—ideal for entertaining or simply enjoying the serene surroundings. The nearly 1-acre lot is beautifully landscaped and includes an irrigation system for easy maintenance. For added convenience, the large laundry room, complete with a utility sink, is tucked away on the main level near the mudroom, offering practical space for daily tasks. With Falls Lake nearby and just 2 miles from the Barton Creek boat ramp, this location offers the perfect balance of convenience and nature. Located just a short drive from both Downtown Durham and Raleigh, and with easy access to RTP and RDU Airport, this home offers unparalleled convenience. With its impeccable design and prime location, this exceptional property in The Moorlands is ready to be your next dream home. Confirm schools and schedule a showing today!
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Location
Property Details
Parking
- Description: Attached, Concrete, Driveway, Garage
- Details: Attached, Concrete, Driveway, Garage
- Garage Spaces: 3
- Spaces Total: 5
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 4
- # of Baths (Partial): 1
- # of Baths (Total): 5.0
Interior Features
- # of Rooms: 1
- # of Stories: 1
- Basement: Yes
- Basement Description: Finished, Full, Unfinished
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Rock, Stone
- Foundation: Other
- Roof Material: Shingle
HOA
- Has HOA: Yes
- HOA Fee: $522/semi-annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 0890.033025040297100
- Lot Size: 44866 sqft
Property Information
- Property Type: Single Family Residence
- Style: Transitional
- Year Built: 2005
Tax Information
- Annual Tax: $8,405
Utilities
- Water & Sewer: Private, Shared Well, Well
- Heating: Forced Air
- Cooling: Central Air
Location
- County: Wake
Listing Details
Investment Summary
- Monthly Cash Flow
- -$4,705
- Cap Rate
- 2.5%
- Cash-on-Cash Return
- -16.4%
- Debt Coverage Ratio
- 0.40
- Internal Rate of Return (5 years)
- -11.8%
Cash Flow
Net Operating Income (NOI) minus mortgage payments.
Calculation:
NOI - Mortgage Payments
Cap Rate (Market Value)
Capitalization Rate is a rate of return that compares the yearly Net Operating Income (NOI) to the market value.
Calculation:
NOI / Market Value
Cash-on-Cash Return (CoC)
Annual Cash Flow / Cash Invested
Calculation:
Annual cash flow divided by initial cash invested.
Debt Coverage Ratio (DCR)
Net Operating Income (NOI) divided by total debt payments.
Calculation:
NOI / Total Debt Payments
Internal Rate of Return (IRR)
A metric for assessing profitability over time. IRR is the discount rate at which the net present value (NPV) of all future cash flows (positive and negative) from an investment equals zero — including both periodic cash flow (such as rent) and a projected sale at the end of the holding period. It represents the expected annualized return, accounting for income, expenses, and the recovery of capital through a future sale.
Purchase Details
Purchase PriceThe price paid for the property. Purchase price:
| $1,499,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,199,200 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $299,800 |
Closing CostsFees and expenses associated with purchasing a property, typically ranging from 2% to 5% of the home’s purchase price, paid at the end of a home purchase to cover services like lending, title transfer, and taxes. Closing costs:
| $44,970 |
Rehab CostsCosts incurred to repair or improve the property, including: roof, flooring, exterior siding, kitchen, exterior paint, bathrooms, etc. Rehab costs:
| $0 |
Initial Cash InvestedThe total initial cash invested in the property. Calculation:Down payment + Buying costs + Rehab costs Initial cash invested:
| $344,770 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 5,718 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $262 |
Monthly Rent Per Square FootMonthly rent divided by the number of square feet. This ratio helps investors compare rental income efficiency across properties, markets, and unit sizes Calculation:Monthly Rent / Square Feet Monthly rent per square foot:
| $1.00 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,199,200 |
|---|---|
Loan to Value Ratio (LTV)Loan amount divided by the market value of the property. Calculation:Loan Amount / Market Value
Loan to value ratio:
| 80.0% |
Loan TypeThe type of loan (e.g., fixed, adjustable).
Loan type:
| Amortizing |
TermThe loan repayment period in years.
Term:
| 30 years |
Interest RateThe percentage a lender charges on the borrowed amount of a loan, determining the cost of borrowing money.
Interest rate:
| 6.840% |
Principal & Interest (PI)The principal is the portion of the loan payment that reduces the loan balance. The interest is the lender's charge for borrowing money. Calculation:(P * r * (1 + r) ** n) / ((1 + r) ** n - 1) Where:
P = Loan amount (principal)
Principal & interest:
| $7,850 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $701 |
InsuranceThe costs for insurance coverage to protect against financial losses due to risks like fire, natural disasters, theft, liability, or tenant-related damages. Calculation:Assumes 7% of gross rental income, unless insurance rates are specified.
Insurance:
| $399 |
Private Mortgage Insurance (PMI)A fee that borrowers pay when they take out a conventional loan with a loan-to-value (LTV) ratio above 80%.
Private mortgage insurance (PMI):
| $0 |
Monthly PaymentThe fixed amount a borrower pays each month to repay a loan. It typically includes principal and interest (P&I) and may also cover property taxes, insurance, HOA fees, and PMI if escrowed. Monthly payment:
| $8,950 |
Operating Income
| % Rent | Monthly | Yearly | |
|---|---|---|---|
Gross RentThe total rental income received from tenants before deducting any expenses. Includes base rent, late fees, pet fees, parking fees, and other recurring charges.
Gross rent:
| $5,700 | $68,400 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$342 | -$4,104 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $5,358 | $64,296 |
Operating Expenses
| % Rent | Monthly | Yearly | |
|---|---|---|---|
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services. | 12% | -$701 | -$8,406 |
InsuranceThe costs for insurance coverage to protect against financial losses due to risks like fire, natural disasters, theft, liability, or tenant-related damages. Calculation:Assumes 7% of gross rental income, unless insurance rates are specified. | 7% | -$399 | -$4,788 |
Property ManagementThe costs associated with hiring a property manager to handle the day-to-day operations of a rental property. Includes management fees, leasing fes, eviction fees, etc. Calculation:Assumes 8% of gross rental income. | 8% | -$456 | -$5,472 |
Repairs & MaintenanceOngoing costs for routine upkeep and minor fixes needed to keep a property in good working condition. Calculation:Assumes 5% of gross rental income. Varies by property age and condition. | 5% | -$285 | -$3,420 |
Capital ExpensesLarge, infrequent costs for major improvements or replacements, like a new roof, HVAC system, or appliances. Calculation:Assumes 5% of gross rental income. Varies by property age. | 5% | -$285 | -$3,420 |
HOA FeesRegular dues paid to a Homeowners Association for community maintenance, amenities, and management. Similar fees include: Condo Association Fees, Co-op Maintenance Fees, etc. | 2% | -$87 | -$1,044 |
Operating ExpensesRecurring costs required to maintain and manage a rental property, including property taxes, insurance, maintenance, repairs, utilities (if paid by the owner), property management fees, and other day-to-day expenses. Calculation:Insurance + Property Taxes + Property Management + Repairs & Maintenance + Capital Expenditures + HOA Fees | 39% | -$2,213 | -$26,550 |
Cash Flow
| Monthly | Yearly | |
|---|---|---|
Net Operating Income (NOI)The income generated from a property after deducting all operating expenses but before deducting mortgage payments, taxes, and capital expenditures. Calculation:Gross Operating Income - Operating Expenses
Net operating income:
| $3,145 | $37,740 |
Mortgage PaymentThe fixed amount a borrower pays each month to repay a loan. It typically includes principal and interest (P&I) and may also cover property taxes, insurance, HOA fees, and PMI if escrowed. | -$7,850 | -$94,200 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $4,705 | $56,460 |