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11 Persimmon Hill Spartanburg, SC 29301

4 Beds 3 Baths - sqft Built 1983

$269,900

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $105.93
  • 52 Days on Market
  • MLS # : 1433435
  • Updated Date : 01/29/2021 at 21:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : '-'
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Spacious 4 Bedroom, 2.5 Bath home, situated on a flat kid-friendly cul – de – sac in a sought after, established neighborhood. Are you looking for a home that will be perfect at every stage for your growing family? With 2,550 square feet of living space, a great ½ acre yard, a large deck with a screened in porch, and a spacious driveway that will accommodate multiple cars and your favorite recreation vehicle, this house the perfect choice! Enjoy being productive? A quick 5 minute drive will take you to convenient shopping locations, such as Ingles, Target, Khols, Hobby Lobby, and more. West Gate Mall, and other popular box stores are also less than 5 miles away; Downtown Spartanburg, only 6 miles away. Complete all of your errands in a single morning and save the rest of your time for the nearby gym or a walk around the neighborhood, which is especially beautiful in the Fall and in the Spring with its many varieties of mature trees. This house is in great condition and is move-in ready. Your upgrades and personal touches over time will make it even more special. Welcome to your home for life!

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PRICE & RENT TRENDS

Zip Code: 29301

ZipNIR Market*CityMarket2010Year2000201960k70k80k90k100k110k120k130k140kPrice in $58k149k

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

Zip Code: 29301

ZipNIR Market*CityMarket2010Year20002019 Q2600650700750800850900950100010501100115012001250Rent in $5831261

* 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
Dorman High Freshman Campus High Regular 863 53 5
Dorman High School High Regular 2,381 126 3

Dorman High Freshman Campus

  • Education Level: High
  • # of students: 863
  • # of teachers: 53
5
GreatSchools Rating

Dorman High School

  • Education Level: High
  • # of students: 2,381
  • # of teachers: 126
3
GreatSchools Rating
 

$242,910$296,890$269,900

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$937
Property Tax -$485
Property Insurance -$74
Property Management Fees -$122
CASH FLOW
-$98

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$269,900

PROJECTED PRICE

$1,520

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.52%
Appreciation Year (1-5) 3.7%
Maintenance Year (1-5) 8.00%
Vacancy 7.90%
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-$4.0k-$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$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,274

INVESTMENT

$77,274

Down Payment
$67,475
Rehab Estimate
$5,750
Closing Costs
$4,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$937

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,475
Loan Amount $202,425
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$2,894

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,520

    LIST RENT
  • $0.6

    LIST RENT PER SQFT
  • $1,452

    COMP ESTIMATED VALUE
  • $0.57

    COMP AVG. RENT PER SQFT
Comps Range
$1,520
1$1,5202$1,550
$1,550
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 11 Persimmon Hill Spartanburg, SC 1
    • 4 beds 3 baths ∙ 2,548 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,548 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $0.60
    •  
  • 339 Edgemont Avenue Spartanburg, SC 2
    • 4 beds 3 baths ∙ 2,720 Sqft ∙ Built 4 beds 3 baths ∙ 2,720 Sqft ∙ Built
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.57
    •  
PROPERTY LISTING DETAILS
Mike Dassel
1.864.508.6259
Keller Williams Realty
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1433435
Last Updated: 01/29/2021
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