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108 Brockman Drive Mauldin, SC 29662

3 Beds 2 Baths - sqft Built 1976

$225,000

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $112.50
  • 3 Days on Market
  • MLS # : 1432982
  • Updated Date : 12/04/2020 at 23:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 2 full
Listing Agent

Pointsouth Properties, Llc

Listing Agent's Description

All one level brick ranch in the heart of Mauldin. This home is being sold "As Is" and is waiting for your updates. It sits on a large corner lot and has many possibilities while being convenient to Mauldin, ICAR, I-85 and Greenville or Simpsonville for easy commutes.

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

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Mauldin Elementary School Primary Regular 909 53 6
Mauldin High School High Regular 2,240 108 8

Mauldin Elementary School

  • Education Level: Primary
  • # of students: 909
  • # of teachers: 53
6
GreatSchools Rating

Mauldin High School

  • Education Level: High
  • # of students: 2,240
  • # of teachers: 108
8
GreatSchools Rating
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$830
Property Tax -$314
Property Insurance -$64
Property Management Fees -$126
CASH FLOW
$236

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.

$225,000

PROJECTED PRICE

$1,570

PROJECTED RENT

0.70%

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$800k

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$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$830

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

9.67

YEARS SAVED

$36,906

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,700

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,5003$1,5704$1,5955$1,650
$1,650
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 108 Brockman Drive Mauldin, SC 3
    • 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 1976 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $0.79
    •  
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    • 4 beds 3 baths ∙ 1,790 Sqft ∙ Built 4 beds 3 baths ∙ 1,790 Sqft ∙ Built
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    • Rent Per SQFT
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  • 4 Fawn Ridge Way Mauldin, SC 4
    • 4 beds 3 baths ∙ 1,810 Sqft ∙ Built 4 beds 3 baths ∙ 1,810 Sqft ∙ Built
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    • Rent
    • Rent Per SQFT
    •  
    • $1,595
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  • 11 Blossom Park Court Mauldin, SC 5
    • 4 beds 3 baths ∙ 1,894 Sqft ∙ Built 4 beds 3 baths ∙ 1,894 Sqft ∙ Built
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    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.87
    •  
PROPERTY LISTING DETAILS
Terry Slater
1.864.420.2063
Pointsouth Properties, Llc
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1432982
Last Updated: 12/04/2020
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