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1254 Pinecrest Ave
Raleigh, NC 27607 · Single-family
- Price per
- $100
- (projected)
- 3.45%
- Independent
- $410,000
- Minimum
- $100
Demo only: you can't invest yet.
Projected figures are estimates and are not guaranteed. Investing involves risk, including loss of principal. Read the offering circular before investing.
The property
Three-bedroom ranch on a quarter-acre lot in a stable school district, ten minutes from downtown Raleigh and NC State.
- Bedrooms
- 3
- Bathrooms
- 2
- Square feet
- 1,840
- Year built
- 1998
- Units
- 1
- Occupancy
- 100.0%
- Owner
- Cavisa Series 1254-PINECREST-AVE LLC
- Debt
- None
Financials
- Gross yield
- 7.6%
- Cap rate
- 4.81%
- Net yield
- 3.45%
- Cash-on-cash
- 3.45%
| Gross rent (annual) | $31,140 |
|---|---|
| Vacancy allowance (5.0%) | ($1,557) |
| Property taxes | ($3,690) |
| Insurance | ($1,480) |
| Maintenance & repairs | ($1,900) |
| Other (HOA, admin) | ($420) |
| Property management (~8.0%, pass-through) | ($2,367) |
| Net operating income | $19,726 |
| Reserve contribution (5.0% of rent) | ($1,479) |
| Asset management fee (1.0% of value) | ($4,100) |
| Projected distributions (annual) | $14,147 |
Rent roll
| Unit | Beds/Baths | Rent / mo | Status | Lease ends |
|---|---|---|---|---|
| Main | 3 / 2 | $2,595 | Leased | 2027-07-31 |
Read the documents
D1 · Independent appraisal
Subject property D1.1
1254 Pinecrest Ave, Raleigh, NC 27607. single family, 3 bedrooms, 2 baths, 1,840 sq ft, built 1998. Three-bedroom ranch on a quarter-acre lot in a stable school district, ten minutes from downtown Raleigh and NC State.
Comparable sales D1.2
- Comp: 1310 Pinecrest Ave | $418,000 | 2026-06-14 | 1,880 sq ft | Same street, similar size, newer kitchen - Comp: 908 Laurel Hills Rd | $402,500 | 2026-04-02 | 1,760 sq ft | Smaller lot, original baths - Comp: 2215 Wade Oak Dr | $425,000 | 2026-08-21 | 1,950 sq ft | Larger, updated roof
Income approach D1.3
Market rent is estimated at $2,595 per month across 1 unit, consistent with the current rent roll.
Reconciliation D1.4
The sales comparison approach is given the most weight. Final opinion of market value: $410,000, as of the effective date of this report.
D2 · Property inspection report
Roof D2.1
Roof covering is approximately 17 years old. Plan for replacement within five years.
HVAC D2.2
Primary heating and cooling equipment is approximately 6 years old. Operating normally at inspection.
Plumbing and electrical D2.3
Supply, drain and electrical systems functioned as intended.
Notable findings D2.4
Roof shingles show granule loss on the south slope; remaining life estimated at 3–5 years.
D3 · Lease summary
Current leases D3.1
- Main: 3 bed / 2 bath, $2,595 per month, lease ends 2027-07-31
Terms D3.2
Leases are 12 months with a security deposit equal to one month's rent. Tenants pay electricity and water. Pets are allowed with a deposit.
D4 · Offering circular (summary)
The offering D4.1
Cavisa Series 1254-PINECREST-AVE LLC is offering membership interests ("shares") in a single property, 1254 Pinecrest Ave, Raleigh, NC. Shares are priced at $100 each. The offering is made under Regulation A, Tier 2. Funds are held in escrow by the broker-dealer until the offering closes.
Use of proceeds D4.2
Proceeds acquire the property free of any mortgage, fund a reserve equal to 1% of the purchase price, and pay a 2.5% sourcing fee to the lister at closing.
Distributions D4.3
Net rental income is distributed monthly to shareholders of record after operating expenses, a reserve contribution of 5% of rent, and a 1% annual asset management fee. Distributions are not guaranteed and may be reduced or suspended.
Liquidity D4.4
Shares may be offered for sale to other investors only during scheduled Liquidity Windows, through a registered alternative trading system, at prices within a band around an approved reference price. There is no guarantee that a buyer will be found.
Risk factors D4.5
You could lose some or all of your investment. Property values can fall. Vacancies, repairs, insurance costs and property tax increases reduce income. Roof shingles show granule loss on the south slope; remaining life estimated at 3–5 years. AI-generated estimates may be inaccurate.
Taxes D4.6
Each shareholder receives a Schedule K-1 annually, typically by March 15.
AI insights
Underwriting
AI estimates are inputs, not prices. The independent appraisal and a two-person review set the reference price.
1254 Pinecrest Ave, Raleigh, NC is a rental home in the Raleigh area, independently appraised at $410,000. After expenses, reserves and fees, the projected net yield is 3.5% a year, paid monthly. The biggest risk is condition: it was built in 1998, so repairs may cut into income. Values can fall, and selling depends on finding a buyer during a window.
Strengths
- Independent appraisal on file
- Fully leased today
Concerns
- Built in 1998; older systems need upkeep
- Shares sell only during quarterly windows
Sources:F
Generated by Cavisa mock model (no API key set) · Unreviewed · Not a guarantee or investment advice.
Valuation range
Weighted two-thirds to the latest independent appraisal and one-third to the average of the comparable sales on file.
| Address | Sold | Sq ft |
|---|---|---|
| 1310 Pinecrest AveSame street, similar size, newer kitchen | $418,0002026-06-14 | 1,880 |
| 908 Laurel Hills RdSmaller lot, original baths | $402,5002026-04-02 | 1,760 |
| 2215 Wade Oak DrLarger, updated roof | $425,0002026-08-21 | 1,950 |
Sources:FD1.2
Generated by Cavisa mock model (no API key set) · Unreviewed · Not a guarantee or investment advice.
Value forecast · projected · shaded area is the
| Horizon | Low | Central | High |
|---|---|---|---|
| 1 yr | 0.0% | 3.8% | 7.6% |
| 3 yr | 4.5% | 11.8% | 19.2% |
| 5 yr | 10.3% | 20.5% | 30.7% |
- Home prices in the Raleigh area grow near their recent pace of about 3.8% a year.
- Rents keep pace with inflation and the property stays mostly leased.
- No major repairs beyond what the reserve fund covers.
Sources:F
Generated by Cavisa mock model (no API key set) · Unreviewed · Not a guarantee or investment advice.
- Market38
Local price growth and a 4.8% cap rate set how exposed value is to a slowdown.
- Tenant22
Every unit is leased today.
- Condition43
Built in 1998. Older systems mean more repair risk; see the inspection.
- Liquidity46
Shares can only be sold during quarterly windows, and only if a buyer matches.
- Leverage10
The property LLC carries no mortgage, so there is no lender ahead of investors.
Scores run 0 (lowest risk) to 100 (highest).
Generated by Cavisa mock model (no API key set) · Unreviewed · Not a guarantee or investment advice.
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