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$407,500

For Sale - Active
323 Windgate Dr, Clayton, NC 27527
3 Beds
3 Baths
2,240 Square Feet
0.33 Acres Lot
Built in 2007
For Sale - Active
Units n/a
Checked: 4 hours ago
Updated: Jun 07, 2025 at 03:01AM

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$706
Cap Rate
4.2%
Cash-on-Cash Return
-9.0%
Debt Coverage Ratio
0.67
Internal Rate of Return (5 years)
-4.8%

Property Description


0.33 Acres Lot
Built in 2007
For Sale - Active
Units n/a

Welcome home to Plantation Pointe! This 3 bedroom, 2.5 bath, two story home, offers plenty of space and functionality for everyday living. Step inside to find a spacious living room, ideal for entertaining or a quiet night in. Easily switch between cooking and chatting by having the kitchen and living room side by side. The eat-in kitchen is perfect for casual meals, while the separate formal dining room (or flex space), provides for endless possibilities. All 3 bedrooms are upstairs, along with a large bonus room, perfect for a second living space, game room, or possibly a fourth bedroom! Inside your primary bedroom, you'll find a generous walk in closet and attached bath. Enjoy the convenience of a dual vanity and stand up shower when getting ready in the morning, then relax in the evening with your separate soaking tub. With your laundry closet being upstairs, you can take a sigh of relief knowing you are only steps away from putting your clean clothes away. Outside, enjoy your roomy back deck and yard, perfect for the upcoming spring and summer weather! The 2 car garage and oversized driveway allows for ample parking for everyone. Looking for a way to spend the afternoon? Head over to the community park, pool, or tennis courts and enjoy these great amenities. Don't miss out on being able to make this your next home, schedule a showing today!

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Location


Property Details


Parking

  • Description: Concrete, Driveway, Garage
  • Details: Garage Faces Front, Concrete
  • Garage Spaces: 0
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 5
  • # of Stories: 2
  • Basement Description: None
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Siding (Alum/Vinyl)
  • Roof Type: Gable or Hip
  • Roof Material: Shingle

HOA

  • Has HOA: Yes
  • Association: Plantation Pointe
  • HOA Fee: $1,080/annually

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 16J04035I
  • Lot Size: 14375 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 2007

Tax Information

  • Annual Tax: $0

Utilities

  • Water & Sewer: Public
  • Heating: Electric, Forced Air, Heat Pump
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: Johnston

Listing Details


Listed by:
Russell Littlejohn
Big John Investments LLC
(828) 292-1315

Source:
Hive MLS (North Carolina Regional)
MLS#: 100495166
Hive MLS (North Carolina Regional)

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$706
Cap Rate
4.2%
Cash-on-Cash Return
-9.0%
Debt Coverage Ratio
0.67
Internal Rate of Return (5 years)
-4.8%

Purchase Details

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Purchase price:
$407,500
Amount financed:
-$326,000
Down payment:
$81,500
Closing costs:
$12,225
Rehab costs:
$0
Initial cash invested:
$93,725
Square feet:
2,240
Cost per square foot:
$182
Monthly rent per square foot:
$0.98

Financing Details

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Loan amount:
$326,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$2,134
Property tax:
$0
Insurance:
$154
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,288

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$2,200 $26,400
Vacancy loss: (6%)
6% -$132 -$1,584
Operating income:
$2,068 $24,816

Operating Expenses


% Rent Monthly Yearly
Property taxes: (n/a)
n/an/an/a
Insurance: (7%)
7%-$154-$1,848
Property management: (8%)
8%-$176-$2,112
Repairs & maintenance: (5%)
5%-$110-$1,320
Capital expenditures: (5%)
5%-$110-$1,320
HOA fees: (4%)
4%-$90-$1,080
Total operating expenses: (29%)
29%-$640-$7,680

Cash Flow


Monthly Yearly
Net operating income:
$1,428 $17,136
Mortgage payments:
-$2,134 -$25,608
Cash flow:
$706 $8,472