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1 Massey Court Mauldin, SC 29662

3 Beds 3 Baths - sqft Built 1993

$229,900

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $100.22
  • 3 Days on Market
  • MLS # : 1435808
  • Updated Date : 01/22/2021 at 22:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 2 full , 1 half
Listing Agent

Bhhs C Dan Joyner - N. Pleas

Listing Agent's Description

This charming and lovingly cared for home sits in a cul-de-sac and is located in one of Mauldin’s most established communities! This home features 3 Bedrooms, 2.5 Baths and a fenced-in backyard with a sizable deck perfect for those summer night cookouts! Cozy and inviting are two words that best describe this home! This home features soft lighting in the Living Room, Sitting Room, Formal Dining Room and Kitchen that offers bar seating and a Breakfast Area. The upstairs you will find the large Master Suite complete with two separate walk-in closets, double sinks, soaking tub and walk-in shower. The two Secondary Bedrooms have large closets with lots of storage and large windows that welcome tons of natural light! The huge Bonus Room would make an ideal Playroom, Workout Room or even a fourth Bedroom! Book your appointment today, this home won’t last long!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 29662

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $85k240k

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

Zip Code: 29662

ZipNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600Rent in $9171653

* 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
Greenbrier Elementary School Primary Regular 795 45 6
Hillcrest Middle School Middle Regular 1,001 55 8
Mauldin High School High Regular 2,240 108 8

Greenbrier Elementary School

  • Education Level: Primary
  • # of students: 795
  • # of teachers: 45
6
GreatSchools Rating

Hillcrest Middle School

  • Education Level: Middle
  • # of students: 1,001
  • # of teachers: 55
8
GreatSchools Rating

Mauldin High School

  • Education Level: High
  • # of students: 2,240
  • # of teachers: 108
8
GreatSchools Rating
 

$206,910$252,890$229,900

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$799
Property Tax -$297
Property Insurance -$69
Property Management Fees -$127
CASH FLOW
$298

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.

$229,900

PROJECTED PRICE

$1,590

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.42%
Appreciation Year (1-5) 4.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.12%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,674

INVESTMENT

$66,674

Down Payment
$57,475
Rehab Estimate
$5,750
Closing Costs
$3,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$799

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $57,475
Loan Amount $172,425
See What Happens When You Reinvest Cash Flow

11.17

YEARS SAVED

$38,611

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,571

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,590
1$1,5902$1,5953$1,650
$1,650
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 1 Massey Court Mauldin, SC 1
    • 3 beds 3 baths ∙ 2,294 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,294 Sqft ∙ Built 1993
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.69
    •  
  • 314 Marsh Creek Drive Mauldin, SC 2
    • 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 4 beds 3 baths ∙ 2,400 Sqft ∙ Built
    property image
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.66
    •  
  • 7 Fawn Ridge Way Mauldin, SC 3
    • 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 4 beds 3 baths ∙ 2,324 Sqft ∙ Built
    property image
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.71
    •  
PROPERTY LISTING DETAILS
Alex Crigler
1.864.616.3988
Bhhs C Dan Joyner - N. Pleas
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1435808
Last Updated: 01/22/2021
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