$365,000
Investment Summary
- Monthly Cash Flow
- -$853
- Cap Rate
- 3.5%
- Cash-on-Cash Return
- -12.2%
- Debt Coverage Ratio
- 0.55
- Internal Rate of Return (5 years)
- -7.8%
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
Fall In Love With This Solid ALL BRICK RANCH With Attached Carport, Wired Workshop/ Storage Room, Separate Utility/ Laundry Room, 4 Bedrooms, 2 Full Baths, Large Kitchen, Separate Dining, Roomy Living Area With Cozy LP Gas Log Masonry Fireplace. Enjoy Your Morning Coffee In The Side 3 Season Room or Unwind From Hectic Days Watching Sunsets. The Concrete Driveway Offers Ample Parking With an Expanded Width and Walk That Leads To The Covered Front Porch Entry. The Attached Carport Is Complete With A Matching Masonry Brick Retaining Wall. You Will Feel This Sprawling .56 Acre Lot Is Much More Than Just Over A Half Acre With Its Flat, Level Front Yard, Ample Side Yards, and the Spacious Fenced In Backyard Is Perfect For Pets, As Well As Those Who Have Green Thumbs. This Property Has a Serene, Private, Rural Country Feel, Yet It Is Literally Around The Corner From Anything You Could Want or Need! NO HOA, NO Dues, NO City Taxes, No Deed Restrictions ALL With The Convenience Of In Town/ City Living! Kitchen Modernized With the Addition Of a Dishwasher and New Refrigerator Less Than 4 Years Ago. Countertops, Peninsula Breakfast Island, and Backsplash Were Updated With Tile Less Than 6 Months Ago. ROOF NEWLY Installed Nov 2023, Reinspected by Installer Feb 2024 W/ Transferrable Warranty. NEW Ceiling and Wall Interior Paint Jan 2024 Throughout With Neutral Colors To Give You A Fresh Updated Interior! 3 Season Room Floor Sealed Feb 2024 With Epoxy To Provide You With Years Of Maintenance Free Use. Exterior Trim Painted Feb 2024. Complete Backyard Chainlink Fence With Gate Installed Less Than 4 Years Ago. New Rewired Electric Panel Installed Less Than 4 Years Ago and Original Panel Removed W/ Brick Masonry Fill In Completed Feb 2024. The Attic is Partially Floored For Additional Storage Plus the Existing Storage Shed With Lean-To Included At No Added Value. This Property has many Low Maintenance Flowering Bushes and Plants, An open, Large, Flat, Grassy Yard, Natural Areas, and Mature Hardwood Tree's Providing Ample Shade and a Refreshing Breeze On Hot Summer Days. Enjoy All That Downtown Raleigh Has To Offer With Only a 6 Mile Trip, Quick Commutes To Local Major Venues, and W/in One Mile Of Dining Out, Shopping, Picking Up Essentials, Grabbing Supplies, Catching A Movie, Working Out, Banking, Medical/ Dental/ Vision Care or Treating Yourself! Plus You Will Be 12 to 16 Minutes From 4 Major Colleges and Only 3 to 7 Miles From 3 Recreational Lakes! PERFECT LOCATION FOR AN AIR-BNB OWNERS! Owners Are Also Selling 2 Other Properties On Ranch Farm Rd. and Are Open To Considering A Package Offer For All 3. Check Out Listings For 325 Ranch Farm Rd. and 327 Ranch Farm Rd.
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Location
Property Details
Parking
- Details: Paved, Additional Parking, Attached, Attached Carport, Carport, Concrete, Covered, Direct Access, Driveway, Lighted, Off Street, On Site, Outside, Parking Pad, Private
- Garage Spaces: 0
- Spaces Total: 5
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 2
- # of Baths (Total): 2.0
Interior Features
- # of Rooms: 7
- # of Stories: 1
- Basement Description: Crawl Space
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Brick
- Foundation: Brick/Mortar, Permanent
- Roof Material: Shingle, Asphalt
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 1701.155257740079328
- Lot Size: 24393 sqft
Property Information
- Property Type: Single Family Residence
- Style: Ranch, Traditional, Transitional
- Year Built: 1969
Tax Information
- Annual Tax: $2,208
Utilities
- Water & Sewer: Private, Well
- Heating: Heat Pump, Baseboard, Central, Electric, Exhaust Fan, Fireplace(s), Forced Air, Propane, Radiant, See Remarks
- Cooling: Ceiling Fan(s), Central Air, Electric, Exhaust Fan, Heat Pump
Location
- County: Wake
Listing Details
Investment Summary
- Monthly Cash Flow
- -$853
- Cap Rate
- 3.5%
- Cash-on-Cash Return
- -12.2%
- Debt Coverage Ratio
- 0.55
- Internal Rate of Return (5 years)
- -7.8%
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:
| $365,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$292,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $73,000 |
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:
| $10,950 |
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:
| $83,950 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 1,590 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $230 |
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:
| $1.13 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $292,000 |
|---|---|
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:
| $1,911 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $184 |
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:
| $126 |
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:
| $2,221 |
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:
| $1,800 | $21,600 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$108 | -$1,296 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $1,692 | $20,304 |
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. | 10% | -$184 | -$2,208 |
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% | -$126 | -$1,512 |
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% | -$144 | -$1,728 |
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% | -$90 | -$1,080 |
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% | -$90 | -$1,080 |
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. | n/a | n/a | n/a |
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 | 35% | -$634 | -$7,608 |
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:
| $1,058 | $12,696 |
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. | -$1,911 | -$22,932 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $853 | $10,236 |