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PROPERTY INFO
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.
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PRICE & RENT TRENDS
Zip Code: 29650
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 29650
* 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.
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$60,075
LOAN DETAILS
$712
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $51,250 |
| Loan Amount | $153,750 |
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
-
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
1.864.787.4508
Access Realty, Llc
1.866.250.5610
Homeunion SC LLC
21064
MLS #: 1436488
Last Updated: 02/02/2021
