Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

110 Woodridge Circle Greenville, SC 29607

3 Beds 2 Baths - sqft Built 1955

INVESTimate

$185,000

List Price

$1,230

$1,107 - $1,353

Rent Est.

$197,784  ( +6.91%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1955
  • Price/Sqft : $132.62
  • 6 Days on Market
  • MLS # : 1425491
  • Updated Date : 08/21/2020 at 11:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 2 full
Listing Agent

Keller Williams Grv Upst

Listing Agent's Description

What a gem! This well-maintained ONE owner home has never even had a roof leak! It sits on over 1/2 acre lot on a quiet street, off the grid! Located conveniently between Mauldin & Greenville!! And best of all there's NO HOA!! This 3 bedroom, 2 bath home would be great for a young couple with growing family, first time buyer, investor or single professional. Home has a huge outdoor shed for storing outdoor equipment and seasonal items, etc! Just 15 minutes to Downtown Greenville, 20mins to GSP Int'l Airport and BMW. And, only 10 minutes to all the dining and shopping Greenville has to offer on Woodruff Rd! You will not want to miss out on this opportunity! Schedule your showing today!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 29607

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $85k240k

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

Zip Code: 29607

ZipNIR Market*CityMarket2010Year20002019 Q28009001000110012001300140015001600Rent in $7911653

* 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
 

$166,500$203,500$185,000

PURCHASE PRICE

$1,107$1,353$1,230

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,230
EXPENSES Loan Payment -$683
Property Tax -$238
Property Insurance -$53
Property Management Fees -$98
CASH FLOW
$159

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.

$185,000

PROJECTED PRICE

$1,230

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.42%
Appreciation Year (1-5) 6.91%
Maintenance Year (1-5) 8.00%
Vacancy 6.12%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$54,775

INVESTMENT

$54,775

Down Payment
$46,250
Rehab Estimate
$5,750
Closing Costs
$2,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$683

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $46,250
Loan Amount $138,750
See What Happens When You Reinvest Cash Flow

8.67

YEARS SAVED

$26,138

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,230

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,335

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,2303$1,2504$1,350
$1,350
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 110 Woodridge Circle Greenville, 2
    • 3 beds 2 baths ∙ 1,395 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,395 Sqft ∙ Built 1955
    • Rent
    • Rent Per SQFT
    •  
    • $1,230
    • $0.88
    •  
  • 3 Duncan Court Mauldin, 1
    • 3 beds 2 baths ∙ 1,305 Sqft ∙ Built 3 beds 2 baths ∙ 1,305 Sqft ∙ Built
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.92
    •  
  • 318 Vine Hill Road Greenville, 3
    • 3 beds 2 baths ∙ 1,247 Sqft ∙ Built 3 beds 2 baths ∙ 1,247 Sqft ∙ Built
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.00
    •  
  • 107 Swinton Drive Greenville, 4
    • 3 beds 2 baths ∙ 1,419 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,419 Sqft ∙ Built 1969
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.95
    •  
PROPERTY LISTING DETAILS
Jason Scott
1.864.354.5766
Keller Williams Grv Upst
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1425491
Last Updated: 08/21/2020
BESbswy