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111 Moonlit Drive Greenville, SC 29605

5 Beds 3 Baths - sqft Built 2015

$258,900

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

December 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $106.02
  • 4 Days on Market
  • MLS # : 1434104
  • Updated Date : 12/26/2020 at 16:33
CONSTRUCTION
  • Beds : 5
  • Floor Size : '-'
  • Baths : 3 full
Listing Agent

Signature Real Estate Grv

Listing Agent's Description

Are you feeling a little "cramped" after spending long periods of time at home this past year? Not enough room to work from home? Now is your chance to change all that. From the moment you enter the two story foyer of this spacious, well-maintained home, you will feel the pull of the warm, inviting open floor plan. There are many upgrades throughout the home but you will immediately notice the hardwood flooring, granite countertops, and generous sized kitchen. Whether you like to enjoy a warm fire on a cold winter's day or the summer breeze from the screened in back porch, this home was made for relaxing! The downstairs bedroom and full bath is perfect for family or guests. A gorgeous oak staircase with wrought iron balusters leads to the second floor and a large master bedroom. The master bedroom is amazing, complete with a large walk-in closet/dressing room, custom cabinets, dual vanities, automatic lighting and separate shower/garden tub. The bedroom adjacent to the master bedroom has been converted into a sitting area that can easily be utilized as an office/study, or possibly a nursery. Oversized barn doors have been installed to provide additional privacy. Two more bedrooms, another full bath and the laundry are also located upstairs. If you're looking the peace and quiet of country living but with quick and easy access to shopping, restaurants, Simpsonville and Greenville, look no further! At Reedy Springs you'll have access to the community pool and a walking path down to the river for the nature enthusiast. This home has it all, come see for yourself.

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
 

$233,010$284,790$258,900

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$955
Property Tax -$317
Property Insurance -$72
Property Management Fees -$140
CASH FLOW
$266

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.

$258,900

PROJECTED PRICE

$1,750

PROJECTED RENT

0.68%

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$700k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$74,359

INVESTMENT

$74,359

Down Payment
$64,725
Rehab Estimate
$5,750
Closing Costs
$3,884

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$955

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $64,725
Loan Amount $194,175
See What Happens When You Reinvest Cash Flow

9.42

YEARS SAVED

$40,407

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,734

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5953$1,7504$1,795
$1,795
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 111 Moonlit Drive Greenville, SC 3
    • 5 beds 3 baths ∙ 2,442 Sqft ∙ Built 2015 5 beds 3 baths ∙ 2,442 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.72
    •  
  • 521 Barn Swallow Drive Simpsonville, SC 1
    • 4 beds 3 baths ∙ 2,252 Sqft ∙ Built 4 beds 3 baths ∙ 2,252 Sqft ∙ Built
    LEASED 12/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.66
    •  
  • 5 Phaeton Avenue Simpsonville, SC 2
    • 4 beds 3 baths ∙ 2,235 Sqft ∙ Built 4 beds 3 baths ∙ 2,235 Sqft ∙ Built
    LEASED 10/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.71
    •  
  • 10 Bittercrest Court Simpsonville, SC 4
    • 4 beds 3 baths ∙ 2,369 Sqft ∙ Built 4 beds 3 baths ∙ 2,369 Sqft ∙ Built
    LEASED 07/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.76
    •  
PROPERTY LISTING DETAILS
Holly Holland
1.864.304.8896
Signature Real Estate Grv
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1434104
Last Updated: 12/26/2020
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