Thursday, April 26, 2018
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Home > Real Estate > 703 St. Catherines Drive, Wake Forest, NC 27587

703 St. Catherines Drive, Wake Forest, NC 27587

This great home at 703 St. Catherines Drive in Wake Forest is on the market today and is listed for $185,000 by Brian Pate of Keller Williams Preferred Realty in Raleigh, North Carolina. Learn more about Brian here.

Directions to the home:

North on Capital Boulevard past Kohl’s shopping center. Right on Templeridge. Right on St Catherines.

Property Details:

  • Single Family Detached
  • Site Built
  • Located in the Staffordshire Subdivision
  • Single Level ranch style living
  • 1,354  Heated/Finished Square Feet
  • 3 Bedrooms
  • 2 Bathrooms
  • Vaulted ceiling in living room
  • New flooring and Paint
  • Open floor plan is great for entertaining
  • Lots of natural Light
  • Move in ready
  • Stainless steel appliances
  • School Assignments
  •  Click here for GIS Mapping Tool

Awesome ranch home in a great neighborhood. HOA dues include the use of the pool. New laminate flooring in kitchen. New carpet in living room, master and 2nd bedroom. New paint throughout. Large back yard for pets or kids. 2 car garage with individual doors. Kitchen has tons of cabinets and counter space along with stainless steel appliances. Very convenient location to historic downtown Wake Forest via Stadium drive. Wake Forest High less than 1 mile away. Close to restaurants, shopping and Joyner Park

This home will not last long!! Please contact us with further questions or to schedule a private showing.

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If you are interested in this home as an investment property, it has the following Financial Management Rate of Return

Investment Analysis for: 703 St, Catherines Drive, Wake Forest, NC 27587

Purchase Price $185,000.00
Cash Invested $41,625.00
Loan Amount $148,000.00

Gross Monthly Income $1,100.00
Vacancy Loss (annual) $660.00

Annual Operating Expense $5,306.60

Before Tax Cash Flow $1,683.40
After Tax Cash Flow $3,499.19

Hold Period (Years) 5.0
Projected Sale Price After Hold $203,500.00

Annual FMRR 5.04%
On Cash Invested $41,625.00

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