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10768 Kingsview Drive Davidson, NC 28036

3 Beds 2 Baths 2,132 sqft Built 2006

$399,900

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $187.57
  • 13 Days on Market
  • MLS # : 3686850
  • Updated Date : 12/12/2020 at 10:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,132 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathaway Homeservices Carolinas Realty

Listing Agent's Description

Looking for NO HOA living and a ranch home? Look no more! This 3 bed, 2 bath ranch with split bedroom floor plan is an unbelievable find for Davidson. Feel right at home with this comfortably designed living space with room in all the right places. Spacious master retreat with vaulted ceilings and large en suite bath. Beautifully appointed kitchen with stainless steel appliances & granite counter tops. Enjoy the perfect entertaining dining room with seating space for 8 or more. Outside retreat features fenced yard, large deck overlooking stone patio with actual wood burning pizza oven for amazing outdoor dinners! Relax by the outdoor fireplace and seating area or enjoy making your own wine with grapes grown in your own yard. Owner purchased next door .60+ acre lot to make full 1.42 acre lot. Build your own large dream garage , she shed or outbuilding for endless possibilities.

SEE MORE

MARKET HIGHLIGHTS

  • Corporate Fortune 500 headquarters: Bank of America, Lowe’s, Duke Energy, Nucor, Family Dollar Stores, Sonic Automotive, Domtar
  • #3 fastest-growing big city in US with more than 15,000 people added in 2017 (US Census, 2018)
  • Charlotte metro has 65.8% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • Charlotte attracted more than $325 million in capital investments in 2018Q2 (Meckelenburg county, June 2018)
  • Charlotte metro's economy is worth $181 billion in Gross Metro Product and projected to grow to $192 billion in 2019 (USMayors.org, 2018)
  • #1 Millenial Moving destination city (Smart Asset)

PRICE & RENT TRENDS

Neighborhood: Sunset Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $110k376k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Sunset Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8442024

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
W R Odell Elementary School Primary Regular 882 52 NA
Harris Road Middle School Middle Regular 1,185 63 9
Cox Mill High School High Regular 1,478 76 7

W R Odell Elementary School

  • Education Level: Primary
  • # of students: 882
  • # of teachers: 52
NA
GreatSchools Rating

Harris Road Middle School

  • Education Level: Middle
  • # of students: 1,185
  • # of teachers: 63
9
GreatSchools Rating

Cox Mill High School

  • Education Level: High
  • # of students: 1,478
  • # of teachers: 76
7
GreatSchools Rating
 

$359,910$439,890$399,900

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$1,475
Property Tax -$198
Property Insurance -$67
Property Management Fees -$119
CASH FLOW
-$200

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$399,900

PROJECTED PRICE

$1,660

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.48%
Appreciation Year (1-5) 7.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.31%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,475

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$14,700

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,660

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,668

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,660
1$1,6602$1,7003$1,7454$1,7505$1,845
$1,845
RENT COMPS ANALYSIS
  • 10768 Kingsview Drive Davidson, NC 1
    • 3 beds 2 baths ∙ 2,132 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,132 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.78
    •  
  • 10855 Tailwater Street Davidson, NC 2
    • 3 beds 3 baths ∙ 2,112 Sqft ∙ Built 2011 3 beds 3 baths ∙ 2,112 Sqft ∙ Built 2011
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.80
    •  
  • 3143 Helmsley Court Concord, NC 3
    • 3 beds 3 baths ∙ 2,113 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,113 Sqft ∙ Built 2015
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.83
    •  
  • 3380 Merchant Lane Davidson, NC 4
    • 4 beds 2 baths ∙ 2,351 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,351 Sqft ∙ Built 2006
    LEASED 12/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.74
    •  
  • 16824 Summers Walk Boulevard Davidson, NC 5
    • 3 beds 3 baths ∙ 2,415 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,415 Sqft ∙ Built 2007
    LEASED 09/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $0.76
    •  
PROPERTY LISTING DETAILS
Melissa Zimmerman
1.440.503.3580
Berkshire Hathaway Homeservices Carolinas Realty
BESbswy