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$297,450

For Sale - Active
63 Pale Moss Dr, Clayton, NC 27527
3 Beds
3 Baths
1,805 Square Feet
0.04 Acres Lot
Built in 2023
For Sale - Active
Units n/a
Checked: 24 hours ago
Updated: Jun 14, 2025 at 03:37AM

Investment Summary


Monthly Cash Flow
-$496
Cap Rate
3.7%
Cash-on-Cash Return
-8.7%
Debt Coverage Ratio
0.65
Internal Rate of Return (5 years)
-4.4%

Property Description


0.04 Acres Lot
Built in 2023
For Sale - Active
Units n/a

This home offers the perfect balance of modern luxury, and practicality. Don't miss the chance to make this gorgeous townhouse your new home! Private Outdoor Space: Enjoy the outdoors from your own *Beautiful semi-private backyard* — perfect for morning coffee or evening relaxation. Features include: 3 Spacious Bedrooms: A generous owners suite with ample closet space, and two additional well-sized bedrooms perfect for family, guests, or a home office. 2.5 Bathrooms: Enjoy the convenience of an en-suite master bathroom, plus a stylish guest bathroom and a convenient powder room on the main level. Open Concept Living Area: The airy, light-filled main floor flows seamlessly from the living room to the dining area and modern kitchen. Perfect for entertaining or everyday family living. Southern Exposure: Sun-drenched interiors all day long thanks to large windows and patio door with southern exposure, offering beautiful natural light and warmth. Gourmet Kitchen: Featuring stainless steel appliances, marble countertops, large pantry, and plenty of cabinetry for all your culinary needs. . Prime Location: Close to parks, shops, restaurants, schools, and the new Water Front District currently under construction. This stunning townhouse offers an ideal blend of comfort, style, and natural light. Located in a the up and coming Flowers Plantation.

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Location


Property Details


Parking

  • Description: Garage
  • Details: Additional Parking, Concrete, Driveway, Garage, Garage Door Opener, Garage Faces Front, Attached
  • Garage Spaces: 1
  • 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: 10
  • # of Stories: 2

Exterior Features

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

HOA

  • Has HOA: Yes
  • HOA Fee: $450/quarterly
  • Additional HOA Fee: $500/annually

Land Information

  • Land Use: Residential
  • Land Use Subtype: Townhouse

Lot Information

  • Parcel ID: 16K05160S
  • Lot Size: 1742 sqft

Property Information

  • Property Type: Townhouse
  • Style: Traditional
  • Year Built: 2023

Tax Information

  • Annual Tax: $1,655

Utilities

  • Water & Sewer: Public
  • Heating: Electric, Heat Pump
  • Cooling: Central Air, Heat Pump

Location

  • County: Johnston

Listing Details


Listed by:
Sandy Stollenwerk
Costello Real Estate & Investm
(919) 378-1685

Source:
Triangle MLS (Doorify MLS)
MLS#: 10082039
Triangle MLS (Doorify MLS)

Investment Summary


Monthly Cash Flow
-$496
Cap Rate
3.7%
Cash-on-Cash Return
-8.7%
Debt Coverage Ratio
0.65
Internal Rate of Return (5 years)
-4.4%

Purchase Details

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Purchase price:
$297,450
Amount financed:
-$237,960
Down payment:
$59,490
Closing costs:
$8,924
Rehab costs:
$0
Initial cash invested:
$68,414
Square feet:
1,805
Cost per square foot:
$165
Monthly rent per square foot:
$1.00

Financing Details

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Loan amount:
$237,960
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,408
Property tax:
$138
Insurance:
$126
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,672

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,800 $21,600
Vacancy loss: (6%)
6% -$108 -$1,296
Operating income:
$1,692 $20,304

Operating Expenses


% Rent Monthly Yearly
Property taxes: (8%)
8%-$138-$1,656
Insurance: (7%)
7%-$126-$1,512
Property management: (8%)
8%-$144-$1,728
Repairs & maintenance: (5%)
5%-$90-$1,080
Capital expenditures: (5%)
5%-$90-$1,080
HOA fees: (11%)
11%-$192-$2,304
Total operating expenses: (43%)
43%-$780-$9,360

Cash Flow


Monthly Yearly
Net operating income:
$912 $10,944
Mortgage payments:
-$1,408 -$16,896
Cash flow:
$496 $5,952