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100 Pennwood Lane Greenville, SC 29609

3 Beds 2 Baths - sqft Built 1965

$220,000

List Price

$1,220

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1965
  • Price/Sqft : $173.09
  • 4 Days on Market
  • MLS # : 1434666
  • Updated Date : 01/08/2021 at 17:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 1 full , 1 half
Listing Agent

Coldwell Banker Caine/williams

Listing Agent's Description

You've heard it before - but we are saying it again: This home will not last long. You must see it today! Cute as a button 3 Br 1.5 Ba home on large .43 acre lot. Extras include Granite countertops, fresh bright paint, new HVAC, hot water heater and kitchen disposal in late 2020 (See SDS), large Workshop/garage, 2 separate covered carports, large deck with included sail shades, fenced back yard, yard light, and much more. This home is very well maintained, in immaculate condition and absolutely move in ready. Nothing needs to be done. Schedule your appointment today.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 29609

ZipNIR Market*CityMarket2010Year2000201980k90k100k110k120k130k140k150k160k170k180k190k200k210k220kPrice in $79k221k

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

Zip Code: 29609

ZipNIR Market*CityMarket2010Year20002019 Q280085090095010001050110011501200125013001350Rent in $7911391

* 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
Paris Elementary School Primary Regular 639 37 9
Sevier Middle School Middle Regular 628 38 7
Wade Hampton High School High Regular 1,656 84 7

Paris Elementary School

  • Education Level: Primary
  • # of students: 639
  • # of teachers: 37
9
GreatSchools Rating

Sevier Middle School

  • Education Level: Middle
  • # of students: 628
  • # of teachers: 38
7
GreatSchools Rating

Wade Hampton High School

  • Education Level: High
  • # of students: 1,656
  • # of teachers: 84
7
GreatSchools Rating
 

$198,000$242,000$220,000

PURCHASE PRICE

$1,098$1,342$1,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,220
EXPENSES Loan Payment -$764
Property Tax -$333
Property Insurance -$50
Property Management Fees -$98
CASH FLOW
-$25

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.

$220,000

PROJECTED PRICE

$1,220

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.16%
Appreciation Year (1-5) 6.1%
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-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,050

INVESTMENT

$64,050

Down Payment
$55,000
Rehab Estimate
$5,750
Closing Costs
$3,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$764

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $55,000
Loan Amount $165,000
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$5,852

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,220

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,220

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,2203$1,3504$1,550
$1,550
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 100 Pennwood Lane Greenville, SC 2
    • 3 beds 2 baths ∙ 1,271 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,271 Sqft ∙ Built 1965
    • Rent
    • Rent Per SQFT
    •  
    • $1,220
    • $0.96
    •  
  • 9 Linnet Drive Greenville, SC 1
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 3 beds 2 baths ∙ 1,400 Sqft ∙ Built
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.86
    •  
  • 1 Greenview Drive Greenville, SC 3
    • 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 3 beds 2 baths ∙ 1,610 Sqft ∙ Built
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.84
    •  
  • 18 Brentwood Drive Greenville, SC 4
    • 3 beds 2 baths ∙ 1,311 Sqft ∙ Built 1951 3 beds 2 baths ∙ 1,311 Sqft ∙ Built 1951
    LEASED 07/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.18
    •  
PROPERTY LISTING DETAILS
Robert Brown
1.864.884.1284
Coldwell Banker Caine/williams
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1434666
Last Updated: 01/08/2021
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