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

10 Shumagin Court Greenville, SC 29605

4 Beds 3 Baths - sqft Built 1998

$212,000

List Price

$1,490

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $121.42
  • 2 Days on Market
  • MLS # : 1431295
  • Updated Date : 11/07/2020 at 14:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : '-'
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Upstate Legacy

Listing Agent's Description

Welcome to this inviting 4 bedroom, 2.5 bath home with over 1700 sq ft situated on a cul de sac lot in Oak Knoll. You will love the rocking chair front porch and the large deck off the back of the home that overlooks the backyard offering plenty of space for entertaining and hanging out with friends and family. The holidays are magical here at 10 Shumagin Court! The soaring vaulted ceiling in the great room allows for an incredible tree adorned with sparkling lights and presents all around. Cozy up by the fireplace on the cold winter nights and enjoy family time watching movies, playing games or just to enjoy meaningful conversation with the ones you love.The Master suite can be found on the main level of this home and features a walk-in closet & en suite bath, and on the second level, 3 bedrooms & a bonus that could serve as 5th bedroom with a closet and a window. This beautiful, well maintained home & its desirable neighborhood will not last long. This is what everyone is looking for - make it yours! Oak Knoll is only 4 miles to I-385 and has the benefit of being in such close proximity to Legacy Pine Golf Club & Southside Park. Call today to schedule a showing.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 29605

ZipNIR Market*CityMarket2010Year2000201980k90k100k110k120k130k140k150k160k170k180kPrice in $79k190k

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

Zip Code: 29605

ZipNIR Market*CityMarket2010Year20002019 Q270075080085090095010001050110011501200125013001350Rent in $6511383

* 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
Robert E. Cashion Elementary School Primary Regular 694 40 5
Hughes Academy Middle Magnet 848 48 6
Southside High School High Magnet 814 51 2

Robert E. Cashion Elementary School

  • Education Level: Primary
  • # of students: 694
  • # of teachers: 40
5
GreatSchools Rating

Hughes Academy

  • Education Level: Middle
  • # of students: 848
  • # of teachers: 48
6
GreatSchools Rating

Southside High School

  • Education Level: High
  • # of students: 814
  • # of teachers: 51
2
GreatSchools Rating
 

$190,800$233,200$212,000

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$782
Property Tax -$269
Property Insurance -$59
Property Management Fees -$119
CASH FLOW
$261

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.

$212,000

PROJECTED PRICE

$1,490

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$100k$200k$300k$400k$500k$600k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,930

INVESTMENT

$61,930

Down Payment
$53,000
Rehab Estimate
$5,750
Closing Costs
$3,180

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$782

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $53,000
Loan Amount $159,000
See What Happens When You Reinvest Cash Flow

10.33

YEARS SAVED

$38,070

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,490

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,558

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,490
1$1,4902$1,4953$1,5504$1,5505$1,595
$1,595
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 10 Shumagin Court Greenville, SC 1
    • 4 beds 3 baths ∙ 1,746 Sqft ∙ Built 1998 4 beds 3 baths ∙ 1,746 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $0.85
    •  
  • 4 Comesee Court Greenville, SC 2
    • 4 beds 3 baths ∙ 1,795 Sqft ∙ Built 4 beds 3 baths ∙ 1,795 Sqft ∙ Built
    LEASED 11/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.83
    •  
  • 101 Boxford Court Greenville, SC 3
    • 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
    •  
  • 135 Crescent Creek Court Greenville, SC 4
    • 4 beds 2 baths ∙ 1,636 Sqft ∙ Built 4 beds 2 baths ∙ 1,636 Sqft ∙ Built
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.95
    •  
  • 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
Analeisa Latham
1.864.757.4810
Keller Williams Upstate Legacy
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1431295
Last Updated: 11/07/2020
BESbswy