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109 Riglaw Lane Greenville, SC 29605

3 Beds 2 Baths - sqft Built 2009

$235,000

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $125.53
  • 3 Days on Market
  • MLS # : 1432201
  • Updated Date : 11/20/2020 at 20:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 2 full
Listing Agent

Bhhs C Dan Joyner - Augusta Rd

Listing Agent's Description

Welcome to your new home! Upon arrival you will find a well kept neighborhood surrounded by great schools, minutes from beautiful downtown Greenville. This home offers everything you need. Just being built in 2009, this fairly new home is great for anyone. After entering the front door you will find a formal dining area, and a second living room with a gas log fireplace, perfect for entertaining or even an in home office. The kitchen offers an open floor plan to the living area at the back of the house with huge wrap around countertops and beautiful cabinetry. The great room and kitchen combo have a beautiful vaulted ceiling for that elegant look. Bedrooms #1 and #2 share a hallway full bath and have large closet space in each. The master bedroom is absolutely huge, there is a trey ceiling within and a large master bathroom as well, where you will find dual vanity sinks, a stand alone walk in shower and a large garden tub by a large window. The walk in closet is perfectly placed inside the master bath with ample space to hang clothes and even store a dresser! Come and see this HOME TODAY! It will not last!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 29605

ZipNIR Market*CityMarket2010Year2000201980k90k100k110k120k130k140k150k160k170k180kPrice in $79k190k

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

Zip Code: 29605

ZipNIR Market*CityMarket2010Year20002019 Q270075080085090095010001050110011501200125013001350Rent in $6511383

* 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
Hughes Academy Middle Magnet 848 48 6
Southside High School High Magnet 814 51 2

Robert E. Cashion Elementary School

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

Hughes Academy

  • Education Level: Middle
  • # of students: 848
  • # of teachers: 48
6
GreatSchools Rating

Southside High School

  • Education Level: High
  • # of students: 814
  • # of teachers: 51
2
GreatSchools Rating
 

$211,500$258,500$235,000

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$867
Property Tax -$367
Property Insurance -$61
Property Management Fees -$116
CASH FLOW
$39

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.

$235,000

PROJECTED PRICE

$1,450

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.16%
Appreciation Year (1-5) 0.6%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$867

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$13,034

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,554

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4503$1,4954$1,5505$1,695
$1,695
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 109 Riglaw Lane Greenville, SC 2
    • 3 beds 2 baths ∙ 1,872 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,872 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.77
    •  
  • 35 Brockmore Drive Greenville, SC 1
    • 3 beds 3 baths ∙ 1,720 Sqft ∙ Built 3 beds 3 baths ∙ 1,720 Sqft ∙ Built
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.84
    •  
  • 4 Comesee Court Greenville, SC 3
    • 4 beds 3 baths ∙ 1,795 Sqft ∙ Built 4 beds 3 baths ∙ 1,795 Sqft ∙ Built
    LEASED 11/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.83
    •  
  • 101 Pennine Drive Greenville, SC 4
    • 3 beds 3 baths ∙ 2,022 Sqft ∙ Built 3 beds 3 baths ∙ 2,022 Sqft ∙ Built
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.77
    •  
  • 103 Ridgebrook Way Greenville, SC 5
    • 4 beds 3 baths ∙ 1,930 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,930 Sqft ∙ Built 2005
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.88
    •  
PROPERTY LISTING DETAILS
William Harvey
1.864.884.1077
Bhhs C Dan Joyner - Augusta Rd
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1432201
Last Updated: 11/20/2020
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