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

101 Archdale Drive Mauldin, SC 29662

3 Beds 2 Baths - sqft Built 1968

INVESTimate

$179,900

List Price

$1,280

$1,152 - $1,408

Rent Est.

$187,114  ( +4.01%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 1968
  • Price/Sqft : $137.85
  • 8 Days on Market
  • MLS # : 1425318
  • Updated Date : 08/19/2020 at 14:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 2 full
Listing Agent

Ponce Realty Group, Llc

Listing Agent's Description

Welcome to this conveniently located home just minutes from all the amenities of Woodruff rd. Easy access to 385 and Laurens Road. This home has 3 bedrooms and two full baths and a full basement that could be converted into any space you could imagine. This house has a level backyard that invites you to enjoy your time outside. This home provides many opportunities for entertainment, shopping, education, and work within a few-minutes drive.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 29662

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $85k240k

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

Zip Code: 29662

ZipNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600Rent in $9171653

* 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
Bethel Elementary School Primary Regular 991 55 9
Mauldin Middle School Middle Regular 1,090 65 8
Mauldin High School High Regular 2,240 108 8

Bethel Elementary School

  • Education Level: Primary
  • # of students: 991
  • # of teachers: 55
9
GreatSchools Rating

Mauldin Middle School

  • Education Level: Middle
  • # of students: 1,090
  • # of teachers: 65
8
GreatSchools Rating

Mauldin High School

  • Education Level: High
  • # of students: 2,240
  • # of teachers: 108
8
GreatSchools Rating
 

$161,910$197,890$179,900

PURCHASE PRICE

$1,152$1,408$1,280

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,280
EXPENSES Loan Payment -$664
Property Tax -$232
Property Insurance -$51
Property Management Fees -$102
CASH FLOW
$231

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.

$179,900

PROJECTED PRICE

$1,280

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.42%
Appreciation Year (1-5) 4.01%
Maintenance Year (1-5) 8.00%
Vacancy 6.12%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$53,424

INVESTMENT

$53,424

Down Payment
$44,975
Rehab Estimate
$5,750
Closing Costs
$2,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$664

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $44,975
Loan Amount $134,925
See What Happens When You Reinvest Cash Flow

11.08

YEARS SAVED

$34,867

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,280

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,214

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,2803$1,350
$1,350
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 101 Archdale Drive Mauldin, 2
    • 3 beds 2 baths ∙ 1,305 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,305 Sqft ∙ Built 1968
    • Rent
    • Rent Per SQFT
    •  
    • $1,280
    • $0.98
    •  
  • 3 Duncan Court Mauldin, 1
    • 3 beds 2 baths ∙ 1,305 Sqft ∙ Built 3 beds 2 baths ∙ 1,305 Sqft ∙ Built
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.92
    •  
  • 112 Castlebridge Court Simpsonville, 3
    • 3 beds 2 baths ∙ 1,439 Sqft ∙ Built 3 beds 2 baths ∙ 1,439 Sqft ∙ Built
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.94
    •  
PROPERTY LISTING DETAILS
Eric Allred
1.864.670.1841
Ponce Realty Group, Llc
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1425318
Last Updated: 08/19/2020
BESbswy