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100 Del Norte Road Greenville, SC 29615

3 Beds 2 Baths - sqft Built 1961

$279,999

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $161.85
  • 2 Days on Market
  • MLS # : 1435342
  • Updated Date : 01/16/2021 at 17:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 2 full
Listing Agent

Providence Realty & Marketing

Listing Agent's Description

Beautiful and fully remodeled by Ellys Construction LLC, this brick ranch has it all. Location, space, and open floor plan. The bright and open kitchen features Quartz countertops, tile backsplash, new cabinets, and new stainless steel appliances. Both bathrooms have been remodeled and include extensive custom tile work, and include granite counter tops. The master bathroom has a luxurious shower and two sinks. The spacious master bedroom includes a spacious closet with shelving. The second and third bedroom are well sized. Off the kitchen you will find a large mud room which can be used as a walk-in pantry, as well as the separate walk-in laundry room. The two car garage offers covered parking and storage. The roof, windows, HVAC, plumbing, and electrical are new.

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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
Mitchell Road Elementary School Primary Regular 532 33 8
Greenville Academy Middle Magnet 791 47 9
Eastside High School High Regular 1,440 74 6

Mitchell Road Elementary School

  • Education Level: Primary
  • # of students: 532
  • # of teachers: 33
8
GreatSchools Rating

Greenville Academy

  • Education Level: Middle
  • # of students: 791
  • # of teachers: 47
9
GreatSchools Rating

Eastside High School

  • Education Level: High
  • # of students: 1,440
  • # of teachers: 74
6
GreatSchools Rating
 

$251,999$307,999$279,999

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$973
Property Tax -$409
Property Insurance -$59
Property Management Fees -$120
CASH FLOW
-$60

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.

$279,999

PROJECTED PRICE

$1,500

PROJECTED RENT

0.54%

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$973

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $70,000
Loan Amount $209,999
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$7,336

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,626

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5003$1,700
$1,700
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 100 Del Norte Road Greenville, SC 2
    • 3 beds 2 baths ∙ 1,730 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,730 Sqft ∙ Built 1961
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.87
    •  
  • 3 Charcross Court Greenville, SC 1
    • 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 3 beds 2 baths ∙ 1,740 Sqft ∙ Built
    property image
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.86
    •  
  • 16 Ellesmere Drive Greenville, SC 3
    • 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 3 beds 2 baths ∙ 1,662 Sqft ∙ Built
    property image
    LEASED 10/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.02
    •  
PROPERTY LISTING DETAILS
Tim Harris
1.864.325.5492
Providence Realty & Marketing
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1435342
Last Updated: 01/16/2021
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