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105 Ray Road 
Piedmont, SC
29673
4 Beds 3 Baths - sqft
Built 1969
INVESTimate
$239,000
List Price
$69,085
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PROPERTY INFO
FACTS
- Built In 1969
- Price/Sqft : $118.43
- 2 Days on Market
- MLS # : 1425799
- Updated Date : 08/25/2020 at 17:25
CONSTRUCTION
- Beds : 4
- Floor Size : '-'
- Baths : 3 full
Listing Agent
Keller Williams Drive
Listing Agent's Description
Well kept house in a cute subdivision with no HOA. This house in one story with over 2,000 square feet. Beautiful hardwood floors through most of the main level along with new wood blinds. The master bedroom has a walk in closet, jetted tub and a separate shower. The main level also features a second living quarters with a full size kitchen and bathroom, perfect for college age children or as an in-law suite. This home has a two beautiful covered porches on the front and back that over look the large yard which has plenty of privacy, lots of beautiful birds and endless possibilities. You can even have chickens and there is lots of room for a garden! You will not have to worry about storage space, this house features an attic, a garage, a greenhouse and two storage buildings. Schedule a tour of this home today.
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PRICE & RENT TRENDS
Zip Code: 29673
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 29673
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,690 |
| EXPENSES | Loan Payment | -$882 |
| Property Tax | -$298 | |
| Property Insurance | -$64 | |
| Property Management Fees | -$135 | |
|
CASH FLOW
$311
|
||
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.
$239,000
PROJECTED PRICE
$1,690
PROJECTED RENT
0.71%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.16% |
| Appreciation Year (1-5) | 3.73% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.54% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$69,085
LOAN DETAILS
$882
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $59,750 |
| Loan Amount | $179,250 |
10.67
YEARS SAVED
$45,291
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,690
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$1,917
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
105 Ray Road Piedmont, 1
- 4 beds 3 baths ∙ 2,018 Sqft ∙ Built 1969 4 beds 3 baths ∙ 2,018 Sqft ∙ Built 1969
- Rent
- Rent Per SQFT
- $1,690
- $0.84
-
120 Largess Lane Piedmont, 2
- 3 beds 2 baths ∙ 1,833 Sqft ∙ Built 3 beds 2 baths ∙ 1,833 Sqft ∙ Built
LEASED 07/29/20- Rent
- Rent Per SQFT
- $1,750
- $0.95
PROPERTY LISTING DETAILS
1.864.238.4772
Keller Williams Drive
1.866.250.5610
Homeunion SC LLC
21064
MLS #: 1425799
Last Updated: 08/25/2020
