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105 Ray Road Piedmont, SC 29673

4 Beds 3 Baths - sqft Built 1969

INVESTimate

$239,000

List Price

$1,690

$1,521 - $1,859

Rent Est.

$247,915  ( +3.73%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
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.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 29673

ZipNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160kPrice in $64k169k

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

Zip Code: 29673

ZipNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250Rent in $8011292

* 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
Robert E. Cashion Elementary School Primary Regular 694 40 5
Woodmont Middle School Middle Regular 628 38 6
Woodmont High School High Regular 1,801 89 6

Robert E. Cashion Elementary School

  • Education Level: Primary
  • # of students: 694
  • # of teachers: 40
5
GreatSchools Rating

Woodmont Middle School

  • Education Level: Middle
  • # of students: 628
  • # of teachers: 38
6
GreatSchools Rating

Woodmont High School

  • Education Level: High
  • # of students: 1,801
  • # of teachers: 89
6
GreatSchools Rating
 

$215,100$262,900$239,000

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

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

ASSUMPTIONS

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

TOTAL OUT OFPOCKET$69,085

INVESTMENT

$69,085

Down Payment
$59,750
Rehab Estimate
$5,750
Closing Costs
$3,585

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$882

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $59,750
Loan Amount $179,250
See What Happens When You Reinvest Cash Flow

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
$1,690
1$1,6902$1,750
$1,750
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 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
Wendy Turner
1.864.238.4772
Keller Williams Drive
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1425799
Last Updated: 08/25/2020
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