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Dream Team United

| Dream Team United | Keller Williams Connected | PLACE

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16 Davie Cir , Chapel Hill, NC 27514
$675,000
Est. Payment: $3,478.41/mo
4 Bed
2 Bath
1886.2 Sqft
Status: active with contingency | Days on site: 58
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

Investment Opportunity in One of Chapel Hill's Most Desirable Rental Corridors - Currently rented through July 28, 2026 at $3800 a month. Then July 28 2026-2027 for $3875. Positioned approximately one mile from the University of North Carolina at Chapel Hill, this property offers the combination investors seek most: a high-demand location, functional floor plan, and significant recent capital improvements that reduce near-term ownership costs. Located on Davie Circle, a well-established neighborhood with consistent demand from faculty, graduate students, medical professionals, and long-term residents, this property is strategically positioned to benefit from Chapel Hill's limited housing inventory and enduring rental market fundamentals. The versatile layout includes four bedrooms, creating multiple opportunities for maximizing rental income, accommodating work-from-home tenants, or supporting multi-generational living arrangements. The open design and abundant natural light enhance tenant appeal while supporting strong occupancy potential. Recent improvements provide a compelling deferred-maintenance story. Major updates include a screened porch and storage room addition (2016), roof replacement with skylight (2018), new deck (2019), water heater (2022), and HVAC heat pump system (2023). The kitchen has also been upgraded with quartz countertops, delivering the modern finishes today's tenants expect while minimizing future capital expenditures. Outdoor amenities further strengthen the property's rental profile. The screened porch, deck, and fully fenced private yard offer desirable lifestyle features that can support premium rents, improve tenant retention, and differentiate the asset from competing inventory near campus. For investors seeking immediate income potential, the property is move-in ready with no significant renovation bridge period required. The combination of location, flexible square footage, private outdoor space, and substantial system upgrades creates a well-positioned asset in one of North Carolina's most resilient university-driven housing markets. Strong location. Proven demand. Capital improvements already completed. A turnkey opportunity for investors focused on long-term appreciation, stable occupancy, and reduced maintenance exposure.

Highlights

Listed by Dana Ellington , 919-622-5051 Compass -- Raleigh , 919-726-6548. Triangle MLS, Inc. of North Carolina mls logo

Property Type

Residential

Lot/Acreage
0.25

Year Built

1978

County

Orange

Neighborhood

Davie Woods

Listing ID

10171683

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:4
  • Bathrooms:2
  • Full Bathrooms:2
Appliances:Dishwasher, Disposal, Washer
Air Cond:Central Air,Heat Pump
Fireplaces:Family Room
Floor:Hardwood
Above Ground Sq Ft:1100
Below Ground Sq Ft:786
Basement:Daylight,Finished,Full
Other:Public

Exterior Features

Lot:Landscaped
Roof:Shingle
Others:Deck,Porch,Rear Porch,Screened
Sewer:Public Sewer
Parking Features:Driveway
Principal Interest
$3,478
Taxes
$700

Home Price

$675,000

Loan Details

30 yrs
6.683%

Down Payment

20%
$135,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,478.41

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,478.41 $699.87 $0.00 $4,178.28
Yearly $41,740.97 $8,398.39 $0.00 $50,139.36
Total $1,252,229.03 $251,951.70 $0.00 $1,504,180.73

Today's Rates

30 Year

6.68%

20 Year

6.55%

15 Year

6.13%

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Market insight data is pulled from the same city as the listing being viewed (Chapel Hill, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information Not Guaranteed.
Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database.
©2026 Triangle MLS, Inc. of North Carolina. All rights reserved.

Data last updated: 2026-08-01T23:27:03.000Z

© 2026 Triangle MLS, Inc. of North Carolina

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