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10 Stone Meadow Road Greenville, SC 29615

3 Beds 2 Baths - sqft Built 1999

$265,000

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $162.38
  • 2 Days on Market
  • MLS # : 1435360
  • Updated Date : 01/16/2021 at 23:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 2 full
Listing Agent

Assist 2 Buyers & Sellers Rlty

Listing Agent's Description

Rolling Green Village Retirement Center. Lovely split bedroom floorplan features 2 Bedrooms and a full bath on one side of the home and the MBR with cathedral ceiling and bath features a walk-in shower and garden tub. Walk-in closet. The Kitchen has been updated with stainless steel appliances, granite counter tops and new cabinets. A tile backsplash, new recessed lighting and a new floor covering makes this area fresh as Spring. The Sunroom opens off the Living room and a Dining room defined by an attractive column gives this home a light open area. There also is a new hot water heater located in the 2 car garage. The Sunroom opens out to a full length patio for Summer enjoyment.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 29615

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $85k262k

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

Zip Code: 29615

ZipNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7911778

* 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
Oakview Elementary School Primary Regular 975 54 10
Beck Academy Middle Magnet 1,014 61 9
J.l. Mann Academy High Magnet 1,718 94 7

Oakview Elementary School

  • Education Level: Primary
  • # of students: 975
  • # of teachers: 54
10
GreatSchools Rating

Beck Academy

  • Education Level: Middle
  • # of students: 1,014
  • # of teachers: 61
9
GreatSchools Rating

J.l. Mann Academy

  • Education Level: High
  • # of students: 1,718
  • # of teachers: 94
7
GreatSchools Rating
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$920
Property Tax -$315
Property Insurance -$57
Property Management Fees -$126
CASH FLOW
$152

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.

$265,000

PROJECTED PRICE

$1,570

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.42%
Appreciation Year (1-5) 6.0%
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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

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

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$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$920

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$25,291

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,501

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,570
1$1,5702$1,650
$1,650
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 10 Stone Meadow Road Greenville, SC 1
    • 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $0.96
    •  
  • 833 Woodsford Drive Greenville, SC 2
    • 3 beds 3 baths ∙ 1,792 Sqft ∙ Built 3 beds 3 baths ∙ 1,792 Sqft ∙ Built
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.92
    •  
PROPERTY LISTING DETAILS
Caryn Berry
1.864.905.8223
Assist 2 Buyers & Sellers Rlty
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1435360
Last Updated: 01/16/2021
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