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104 Lanford Street Greer, SC 29650

3 Beds 2 Baths - sqft Built 1955

$205,000

List Price

$1,250

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

February 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1955
  • Price/Sqft : $168.59
  • 6 Days on Market
  • MLS # : 1436488
  • Updated Date : 02/02/2021 at 16:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 2 full
Listing Agent

Access Realty, Llc

Listing Agent's Description

Charming renovated home featuring new flooring, kitchen cabinets, granite counter tops, new appliances and updated bathrooms. Must see to appreciate, this home is walking distance to Historic Downtown Greenville. Seller holds a South Carolina Real Estate License.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 29650

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $85k260k

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

Zip Code: 29650

ZipNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600Rent in $9171690

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$184,500$225,500$205,000

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 -$712
Property Tax -$318
Property Insurance -$49
Property Management Fees -$100
CASH FLOW
$70

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.

$205,000

PROJECTED PRICE

$1,250

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.42%
Appreciation Year (1-5) 3.1%
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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$60,075

INVESTMENT

$60,075

Down Payment
$51,250
Rehab Estimate
$5,750
Closing Costs
$3,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$712

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $51,250
Loan Amount $153,750
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$13,469

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
  • $1.03

    LIST RENT PER SQFT
  • $1,257

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,095
1$1,0952$1,1503$1,2004$1,250
$1,250
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 104 Lanford Street Greer, SC 4
    • 3 beds 2 baths ∙ 1,216 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,216 Sqft ∙ Built 1955
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.03
    •  
  • 304 Pennsylvania Avenue Greer, SC 1
    • 3 beds 1 baths ∙ 1,040 Sqft ∙ Built 3 beds 1 baths ∙ 1,040 Sqft ∙ Built
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,095
    • $1.05
    •  
  • 111 Caldwell Street Greer, SC 2
    • 3 beds 1 baths ∙ 1,066 Sqft ∙ Built 3 beds 1 baths ∙ 1,066 Sqft ∙ Built
    LEASED 12/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $1.08
    •  
  • 8 3rd Street Greer, SC 3
    • 3 beds 2 baths ∙ 1,234 Sqft ∙ Built 3 beds 2 baths ∙ 1,234 Sqft ∙ Built
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.97
    •  
PROPERTY LISTING DETAILS
Jason Alverson
1.864.787.4508
Access Realty, Llc
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1436488
Last Updated: 02/02/2021
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