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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $122.51
- 4 Days on Market
- MLS # : 1433319
- Updated Date : 12/11/2020 at 20:12
CONSTRUCTION
- Beds : 3
- Floor Size : '-'
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Drive
Listing Agent's Description
3 bed, 2.5 bath home in The Woods at Bonnie Brae. Two story home with a 2 car garage and open floor plan, this home has had over $60K in improvements put into the home in the last 6 years, and it is GORGEOUS! Improvements include new paint, new fixtures and blinds, new front door, engineered wood in dining room and hallway, and new tile in kitchen and half bath. The roof was replaced in 2015 and solar panels were added in 2016; HVAC was replaced upstairs in 2018. The home itself is updated and wonderful, and the community only adds to all it's awesomeness! The community offers a pool, playground, basketball court, walking trail and 2 lakes, and this home is only steps away from all these amenities!
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PRICE & RENT TRENDS
Zip Code: 29605
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 29605
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,510 |
| EXPENSES | Loan Payment | -$771 |
| Property Tax | -$326 | |
| Property Insurance | -$58 | |
| Property Management Fees | -$121 | |
|
CASH FLOW
$234
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.
$209,000
PROJECTED PRICE
$1,510
PROJECTED RENT
0.72%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.16% |
| Appreciation Year (1-5) | 0.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.54% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$61,135
LOAN DETAILS
$771
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $52,250 |
| Loan Amount | $156,750 |
9.5
YEARS SAVED
$33,103
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,510
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$1,510
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
10 Brockmore Drive Greenville, SC 3
- 3 beds 3 baths ∙ 1,706 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,706 Sqft ∙ Built 1999
- Rent
- Rent Per SQFT
- $1,510
- $0.89
-
101 Bonnie Woods Drive Greenville, SC 1
- 3 beds 3 baths ∙ 1,536 Sqft ∙ Built 3 beds 3 baths ∙ 1,536 Sqft ∙ Built
LEASED 02/03/20- Rent
- Rent Per SQFT
- $1,395
- $0.91
-
35 Brockmore Drive Greenville, SC 2
- 3 beds 3 baths ∙ 1,720 Sqft ∙ Built 3 beds 3 baths ∙ 1,720 Sqft ∙ Built
LEASED 11/15/19- Rent
- Rent Per SQFT
- $1,450
- $0.84
-
101 Boxford Court Greenville, SC 4
- 3 beds 2 baths ∙ 1,762 Sqft ∙ Built 3 beds 2 baths ∙ 1,762 Sqft ∙ Built
LEASED 02/19/20- Rent
- Rent Per SQFT
- $1,550
- $0.88
-
7 Box Tree Way Greenville, SC 5
- 3 beds 3 baths ∙ 1,761 Sqft ∙ Built 3 beds 3 baths ∙ 1,761 Sqft ∙ Built
LEASED 01/24/20- Rent
- Rent Per SQFT
- $1,595
- $0.91
PROPERTY LISTING DETAILS
1.864.660.9876
Keller Williams Drive
1.866.250.5610
Homeunion SC LLC
21064
MLS #: 1433319
Last Updated: 12/11/2020
