Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

546 Dawley Drive # 24N - Brunswick C Fuquay Varina, NC 27526

4 Beds 3 Baths 2,205 sqft Built 2020

INVESTimate

$288,130

List Price

$1,690

$1,521 - $1,859

Rent Est.

$302,825  ( +5.10%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $130.67
  • 8 Days on Market
  • MLS # : 2337962
  • Updated Date : 08/19/2020 at 21:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,205 sqft
  • Baths : 2 full , 1 half
Listing Agent

Lennar Carolinas Llc

Listing Agent's Description

The popular Brunswick plan features a study on 1st floor, great rm w/firepl, open to breakfast rm & kitchen. Large island & beautiful gray cabinets, quartz tops, & decorative tile backsplash in the kitchen. 2nd floor features a large owner's suite w/ walk-in closet, 3 additional bedrooms, & a loft. Enhanced vinyl plank flooring 1st floor. WiFi Certified Home-- heat mapped to eliminate dead spots. Ring video doorbell Pro, Smart WiFi Schlage deadbolt, Honeywell Pro Smart thermostats

SEE MORE

MARKET HIGHLIGHTS

  • Raleigh-Durham combined metros contribute to 24.1% of North Carolina's state economy i.e. Gross State Product (USMayors.org, 2018)
  • University of North Carolina, Duke University and Davidson University systems drive rental demand
  • #7 Best Big City for Jobs 2018 (Forbes, 2018)
  • Major employers in Raleigh area: IBM, Cisco systems, Fidelity Investments, GlaxoSmithKline, RTI International
  • One of Top 10 cities for Small Business Friendliness (Thumbtack, 2018)
  • Raleigh-Durham combined metros' economy is worth over $137 billion in Gross Metro Product and projected to grow to $146 billion in 2019 (USMayors.org, 2018)
  • Raleigh-Durham combined metros has 65.3% labor force participation rate higher than the national rate of 62.8% (USMayors.org, 2018)

PRICE & RENT TRENDS

Zip Code: 27526

ZipNIR Market*CityMarket2010Year20002019140k150k160k170k180k190k200k210k220k230k240k250k260kPrice in $132k265k

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

Zip Code: 27526

ZipNIR Market*CityMarket2010Year2000 Q22019 Q29501000105011001150120012501300135014001450150015501600Rent in $9461610

* 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
Lincoln Heights Elementary School Primary Magnet 517 40 3
Fuquay-varina Middle School Middle Regular 819 55 4
Fuquay-varina High School High Regular 2,117 114 7

Lincoln Heights Elementary School

  • Education Level: Primary
  • # of students: 517
  • # of teachers: 40
3
GreatSchools Rating

Fuquay-varina Middle School

  • Education Level: Middle
  • # of students: 819
  • # of teachers: 55
4
GreatSchools Rating

Fuquay-varina High School

  • Education Level: High
  • # of students: 2,117
  • # of teachers: 114
7
GreatSchools Rating
 

$259,317$316,943$288,130

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$1,063
Property Tax -$210
Property Insurance -$70
HOA -$50
Property Management Fees -$152
CASH FLOW
$144

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$288,130

PROJECTED PRICE

$1,690

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 5.10%
Maintenance Year (1-5) 3.00%
Vacancy 7.49%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,354

INVESTMENT

$78,354

Down Payment
$72,033
Rehab Estimate
$2,000
Closing Costs
$4,322

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,063

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,033
Loan Amount $216,098
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$32,877

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,687

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6503$1,6904$1,6905$1,750
$1,750
RENT COMPS ANALYSIS
  • 546 Dawley Drive Fuquay Varina, 4
    • 4 beds 3 baths ∙ 2,205 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,205 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.77
    •  
  • 612 Eppsfield Lane Fuquay Varina, 1
    • 4 beds 3 baths ∙ 2,210 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,210 Sqft ∙ Built 2020
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.75
    •  
  • 626 Eppsfield Lane Fuquay Varina, 2
    • 4 beds 3 baths ∙ 2,210 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,210 Sqft ∙ Built 2020
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.75
    •  
  • 204 Loxton Street Fuquay Varina, 3
    • 4 beds 3 baths ∙ 2,205 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,205 Sqft ∙ Built 2020
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.77
    •  
  • 112 Dunster Drive Fuquay Varina, 5
    • 4 beds 3 baths ∙ 2,205 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,205 Sqft ∙ Built 2020
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.79
    •  
PROPERTY LISTING DETAILS
Amber O'neal
1.919.349.0418
Lennar Carolinas Llc
Tamara Artist
1.866.250.5610
Homeunion NC, LLC
NCREC #C26317
Triangle Multiple Listing Service ( TMLS)
MLS #: 2337962
Last Updated: 08/19/2020
BESbswy