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14901 Williams Place Alley #51 Davidson, NC 28036

4 Beds 4 Baths 3,821 sqft Built 2021

$481,490

List Price

$3,440

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $126.01
  • 4 Days on Market
  • MLS # : 3698822
  • Updated Date : 01/14/2021 at 15:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,821 sqft
  • Baths : 3 full , 1 half
Listing Agent

Nvr Homes, Inc./ryan Homes

Listing Agent's Description

A spacious family home that has something for everyone! Never miss a moment with the gorgeous family room that flows into a grand kitchen with an oversized eat-in island that makes meal-prep and entertaining a breeze. A private study that can be changed into a first floor guest suite or a living room that be turned into a library gives you the flexibility to choose the lifestyle your family needs! Upper level contains all four bedrooms and a loft open to the main level. The owner’s suite is complete with a sitting area, his and her closets, and a Roman Shower. Community is close to Birkdale Village and sought after schools! To be built.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 28036

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $118k377k

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

Zip Code: 28036

ZipNIR 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
Davidson Elementary School Primary Regular 693 37 6
Bailey Middle School Middle Regular 1,616 77 9
William Amos Hough High School High Regular 2,453 120 8

Davidson Elementary School

  • Education Level: Primary
  • # of students: 693
  • # of teachers: 37
6
GreatSchools Rating

Bailey Middle School

  • Education Level: Middle
  • # of students: 1,616
  • # of teachers: 77
9
GreatSchools Rating

William Amos Hough High School

  • Education Level: High
  • # of students: 2,453
  • # of teachers: 120
8
GreatSchools Rating
 

$433,341$529,639$481,490

PURCHASE PRICE

$3,096$3,784$3,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,440
EXPENSES Loan Payment -$1,672
Property Tax -$397
Property Insurance -$99
HOA -$52
Property Management Fees -$119
CASH FLOW
$1,100

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$481,490

PROJECTED PRICE

$3,440

PROJECTED RENT

0.71%

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) 3.00%
Vacancy 6.31%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$10k$20k$30k$40k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$129,595

INVESTMENT

$129,595

Down Payment
$120,373
Rehab Estimate
$2,000
Closing Costs
$7,222

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$1,672

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $120,373
Loan Amount $361,118
See What Happens When You Reinvest Cash Flow

15.92

YEARS SAVED

$130,024

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,440

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $3,464

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,2003$3,4404$3,500
$3,500
RENT COMPS ANALYSIS
  • 14901 Williams Place Alley Davidson, NC 3
    • 4 beds 4 baths ∙ 3,821 Sqft ∙ Built 2021 4 beds 4 baths ∙ 3,821 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $3,440
    • $0.90
    •  
  • 20027 Verlaine Drive Davidson, NC 1
    • 5 beds 4 baths ∙ 3,544 Sqft ∙ Built 2009 5 beds 4 baths ∙ 3,544 Sqft ∙ Built 2009
    LEASED 08/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.85
    •  
  • 17526 Shearer Road Davidson, NC 2
    • 4 beds 4 baths ∙ 3,489 Sqft ∙ Built 2019 4 beds 4 baths ∙ 3,489 Sqft ∙ Built 2019
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.92
    •  
  • 17209 Royal Court Drive Davidson, NC 4
    • 4 beds 4 baths ∙ 3,679 Sqft ∙ Built 1996 4 beds 4 baths ∙ 3,679 Sqft ∙ Built 1996
    LEASED 01/11/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.95
    •  
PROPERTY LISTING DETAILS
Jerry Smith
1.704.610.5282
Nvr Homes, Inc./ryan Homes
BESbswy