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102 Benjamin Avenue Greer, SC 29651

3 Beds 2 Baths - sqft Built 1968

$184,900

List Price

$1,250

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1968
  • Price/Sqft : $123.60
  • 3 Days on Market
  • MLS # : 1433462
  • Updated Date : 12/11/2020 at 22:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 1 full , 1 half
Listing Agent

Bhhs C.dan Joyner-woodruff Rd

Listing Agent's Description

Great single story all brick home located in an established and quiet neighborhood super convenient and easily accessible to many destinations... a very short drive to BMW, GSP Airport, I-85, and downtown Greer. This home has been well maintained and loved by the current owners who hate to leave. Hardwood floors under carpet in all areas except the kitchen and baths. Masonry fireplace with gas logs! Level, fenced backyard with a storage building/workshop with power. All appliances including washer and dryer stay. If you're in the market for a starter home or looking to downsize look no further than this wonderful location!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 29651

ZipNIR Market*CityMarket2010Year2000201980k90k100k110k120k130k140k150k160k170k180k190k200k210kPrice in $79k217k

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

Zip Code: 29651

ZipNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9171558

* 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
Woodland Elementary School Primary Regular 1,087 60 9
Greer Middle School Middle Regular 957 57 6
Greer High School High Regular 1,172 61 6

Woodland Elementary School

  • Education Level: Primary
  • # of students: 1,087
  • # of teachers: 60
9
GreatSchools Rating

Greer Middle School

  • Education Level: Middle
  • # of students: 957
  • # of teachers: 57
6
GreatSchools Rating

Greer High School

  • Education Level: High
  • # of students: 1,172
  • # of teachers: 61
6
GreatSchools Rating
 

$166,410$203,390$184,900

PURCHASE PRICE

$1,125$1,375$1,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,250
EXPENSES Loan Payment -$682
Property Tax -$217
Property Insurance -$55
Property Management Fees -$100
CASH FLOW
$196

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.

$184,900

PROJECTED PRICE

$1,250

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.16%
Appreciation Year (1-5) 4.1%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$54,749

INVESTMENT

$54,749

Down Payment
$46,225
Rehab Estimate
$5,750
Closing Costs
$2,774

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$682

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $46,225
Loan Amount $138,675
See What Happens When You Reinvest Cash Flow

9.5

YEARS SAVED

$29,480

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,250

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,343

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,2503$1,3954$1,4505$1,550
$1,550
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 102 Benjamin Avenue Greer, SC 2
    • 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1968
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.84
    •  
  • 208 Roscoe Drive Greer, SC 1
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 3 beds 2 baths ∙ 1,400 Sqft ∙ Built
    LEASED 11/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.86
    •  
  • 403 Pelham Street Greer, SC 3
    • 3 beds 2 baths ∙ 1,587 Sqft ∙ Built 3 beds 2 baths ∙ 1,587 Sqft ∙ Built
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.88
    •  
  • 116 Fawnbrook Drive Greer, SC 4
    • 3 beds 3 baths ∙ 1,592 Sqft ∙ Built 3 beds 3 baths ∙ 1,592 Sqft ∙ Built
    LEASED 08/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.91
    •  
  • 26 Misty Dawn Court Greer, SC 5
    • 3 beds 3 baths ∙ 1,650 Sqft ∙ Built 3 beds 3 baths ∙ 1,650 Sqft ∙ Built
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.94
    •  
PROPERTY LISTING DETAILS
Eddie Burch
1.864.608.9991
Bhhs C.dan Joyner-woodruff Rd
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1433462
Last Updated: 12/11/2020
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