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108 Pine Needle Road Piedmont, SC 29673

3 Beds 2 Baths - sqft Built 2004

$181,900

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $103.35
  • 4 Days on Market
  • MLS # : 1437726
  • Updated Date : 02/20/2021 at 13:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 2 full
Listing Agent

Keller Williams Greenville Cen

Listing Agent's Description

Single-level living, open floor plan and great location! Vaulted ceilings in the kitchen-great room area make this a really GREAT room - plenty of space for all your friends and family. The split floor plan features a large master bedroom with full bath - shower, garden tub and full-length counter. Generous walk-in closet off the master bath. On the other side of the great room from the master bedroom are two bedrooms and a bonus room that could be office, playroom or another bedroom. Sliding doors lead to the patio and level yard with room for the kids and the adults. New roof and HVAC in 2020. Termite bond. Don't blink or you'll miss this one!

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

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

$163,710$200,090$181,900

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$632
Property Tax -$227
Property Insurance -$59
Property Management Fees -$111
CASH FLOW
$361

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.

$181,900

PROJECTED PRICE

$1,390

PROJECTED RENT

0.76%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.16%
Appreciation Year (1-5) 3.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.54%
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$53,954

INVESTMENT

$53,954

Down Payment
$45,475
Rehab Estimate
$5,750
Closing Costs
$2,729

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$632

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $45,475
Loan Amount $136,425
See What Happens When You Reinvest Cash Flow

13.5

YEARS SAVED

$39,646

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,390

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,505

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,390
1$1,3902$1,4003$1,625
$1,625
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 108 Pine Needle Road Piedmont, SC 1
    • 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $0.79
    •  
  • 22 Laws Lane Piedmont, SC 2
    • 3 beds 3 baths ∙ 1,710 Sqft ∙ Built 3 beds 3 baths ∙ 1,710 Sqft ∙ Built
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.82
    •  
  • 120 Largess Lane Piedmont, SC 3
    • 3 beds 2 baths ∙ 1,833 Sqft ∙ Built 3 beds 2 baths ∙ 1,833 Sqft ∙ Built
    property image
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.89
    •  
PROPERTY LISTING DETAILS
Amy Bolinger
1.864.607.1344
Keller Williams Greenville Cen
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1437726
Last Updated: 02/20/2021
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