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1 Southern Height Drive Greenville, SC 29607

4 Beds 3 Baths - sqft Built 2005

$255,000

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $127.18
  • 4 Days on Market
  • MLS # : 1436132
  • Updated Date : 01/28/2021 at 12:38
CONSTRUCTION
  • Beds : 4
  • Floor Size : '-'
  • Baths : 2 full , 1 half
Listing Agent

Great Homes Of The Upstate Llc

Listing Agent's Description

Located .25 mile from Mauldin HS and 5 minutes from I85 and 385, this is the PERFECT family home. Close to shopping on Woodruff and Laurens, this 4 bedroom 2.5 bath home is located in a great community and features a large master bedroom and an oversized master bath. Laminate wood and ceramic tile downstairs! Located on a corner lot without rear neighbors, the back yard is fully fenced for children and pets. This home features a open living room with a stone faced fireplace. Move in ready with new painted kitchen cabinetry and hardware, fresh paint in dining room and baths and in immaculate condition. The current owners love this home, the location and the community. They would take them all to their new city if they could. Schedule your showing today.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 29607

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $85k240k

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

Zip Code: 29607

ZipNIR Market*CityMarket2010Year20002019 Q28009001000110012001300140015001600Rent in $7911653

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$229,500$280,500$255,000

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$886
Property Tax -$328
Property Insurance -$64
Property Management Fees -$131
CASH FLOW
$232

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.

$255,000

PROJECTED PRICE

$1,640

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.42%
Appreciation Year (1-5) 6.9%
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$200k$400k$600k$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$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,325

INVESTMENT

$73,325

Down Payment
$63,750
Rehab Estimate
$5,750
Closing Costs
$3,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$886

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $63,750
Loan Amount $191,250
See What Happens When You Reinvest Cash Flow

9.17

YEARS SAVED

$32,520

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,640

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,654

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4953$1,5954$1,5955$1,640
$1,640
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 1 Southern Height Drive Greenville, SC 5
    • 4 beds 3 baths ∙ 2,005 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,005 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $0.82
    •  
  • 7 Paisley Court Greenville, SC 1
    • 4 beds 2 baths ∙ 1,850 Sqft ∙ Built 4 beds 2 baths ∙ 1,850 Sqft ∙ Built
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.78
    •  
  • 300 Whixley Lane Greenville, SC 2
    • 4 beds 3 baths ∙ 1,900 Sqft ∙ Built 4 beds 3 baths ∙ 1,900 Sqft ∙ Built
    LEASED 12/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.79
    •  
  • 300 Pemaquid Court Simpsonville, SC 3
    • 3 beds 3 baths ∙ 1,857 Sqft ∙ Built 3 beds 3 baths ∙ 1,857 Sqft ∙ Built
    LEASED 08/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.86
    •  
  • 224 Hardwood Road Greenville, SC 4
    • 3 beds 2 baths ∙ 1,829 Sqft ∙ Built 3 beds 2 baths ∙ 1,829 Sqft ∙ Built
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.87
    •  
PROPERTY LISTING DETAILS
Steven Pieper
1.864.331.9067
Great Homes Of The Upstate Llc
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1436132
Last Updated: 01/28/2021
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