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105 Manchester Drive Mauldin, SC 29662

3 Beds 2 Baths - sqft Built 1994

$192,500

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $120.31
  • 2 Days on Market
  • MLS # : 1436333
  • Updated Date : 01/30/2021 at 20:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 2 full
Listing Agent

Better Homes & Gardens Young &

Listing Agent's Description

GREAT LOCATION! Inviting 3BR/2BA split bedroom floor plan offering a living room with trey ceiling and stone FIREPLACE with gas logs, kitchen with gas cooktop open to a dining room, and WALK IN LAUNDRY ROOM with pantry area. The Master Bedroom features a WALK-IN CLOSET and private full bath. Both secondary bedrooms offer DOUBLE closets. You will enjoy entertaining family and friends on your covered back DECK with FENCED back yard. The 12x20 barn OUTBUILDING will be great for extra storage. Other features and updates include a walk-in crawl space area and newer ARCHITECTRUAL ROOF, HVAC unit, and hotwater heater. Seller offering a $2000 Lowes or Home Depot Gift Card at closing for updates with acceptable offer. Montclaire is an established neighborhood in MAULDIN convenient to interstates, medical facilities, shopping and dining. NO HOA.

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

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

$173,250$211,750$192,500

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$669
Property Tax -$248
Property Insurance -$56
Property Management Fees -$115
CASH FLOW
$351

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.

$192,500

PROJECTED PRICE

$1,440

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.42%
Appreciation Year (1-5) 4.0%
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$700k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$56,763

INVESTMENT

$56,763

Down Payment
$48,125
Rehab Estimate
$5,750
Closing Costs
$2,888

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$669

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $48,125
Loan Amount $144,375
See What Happens When You Reinvest Cash Flow

13.25

YEARS SAVED

$40,905

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,440

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,440

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,3503$1,4404$1,4955$1,595
$1,595
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 105 Manchester Drive Mauldin, SC 3
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $0.90
    •  
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    • Rent Per SQFT
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    • 3 beds 2 baths ∙ 1,696 Sqft ∙ Built 3 beds 2 baths ∙ 1,696 Sqft ∙ Built
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    • Rent Per SQFT
    •  
    • $1,495
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    •  
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    • 3 beds 3 baths ∙ 1,857 Sqft ∙ Built 3 beds 3 baths ∙ 1,857 Sqft ∙ Built
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    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.86
    •  
PROPERTY LISTING DETAILS
Michelle Wood
Better Homes & Gardens Young &
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1436333
Last Updated: 01/30/2021
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