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15826 Kiser Corner Lane Davidson, NC 28036

3 Beds 3 Baths 1,958 sqft Built 2012

$275,000

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $140.45
  • 2 Days on Market
  • MLS # : 3682552
  • Updated Date : 11/14/2020 at 17:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,958 sqft
  • Baths : 2 full , 1 half
Listing Agent

Allen Tate Davidson

Listing Agent's Description

Welcome home to this light and bright popular Saussy Burbank Jackson floor plan. Kitchen features granite counters, tile back-splash, 42 inch cabinets, & stainless appliances. Large Great room has loads of windows, hardwoods and gas fireplace. Separate dining room could be used as an office. Main floor laundry and drop zone inside back door. Upstairs is a spacious Master Bedroom with sitting area and walk-in closet, 2 secondary bedrooms and a guest bath. Two car garage with stairs for upper storage. Located across from green space and convenient to pool and playground. Enjoy the many neighborhood amenities - community pool, playground, dog park and walking trails. Conveniently located within minutes of Davidson, Concord and Mooresville. And from Saussy Burbank,... "This Green Home features tight construction, improved thermal systems, fresh air ventilation, low-e windows. Energy Star & Environments for Living certified."

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

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
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$1,015
Property Tax -$259
Property Insurance -$64
HOA -$75
Property Management Fees -$150
CASH FLOW
$107

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.

$275,000

PROJECTED PRICE

$1,670

PROJECTED RENT

0.61%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,015

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$25,019

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,508

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5953$1,6504$1,6705$1,700
$1,700
RENT COMPS ANALYSIS
  • 15826 Kiser Corner Lane Davidson, NC 4
    • 3 beds 3 baths ∙ 1,958 Sqft ∙ Built 2012 3 beds 3 baths ∙ 1,958 Sqft ∙ Built 2012
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.85
    •  
  • 11002 Dry Stone Drive Huntersville, NC 1
    • 4 beds 3 baths ∙ 2,124 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,124 Sqft ∙ Built 2005
    property image
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.73
    •  
  • 11106 Thousand Oaks Drive Huntersville, NC 2
    • 3 beds 3 baths ∙ 2,141 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,141 Sqft ∙ Built 2002
    property image
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.74
    •  
  • 3315 Brackhill Street Davidson, NC 3
    • 3 beds 3 baths ∙ 2,046 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,046 Sqft ∙ Built 2009
    property image
    LEASED 05/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.81
    •  
  • 10855 Tailwater Street Davidson, NC 5
    • 3 beds 3 baths ∙ 2,112 Sqft ∙ Built 2011 3 beds 3 baths ∙ 2,112 Sqft ∙ Built 2011
    property image
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.80
    •  
PROPERTY LISTING DETAILS
Donna Galinsky
1.704.765.2112
Allen Tate Davidson
BESbswy