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113 River Oaks Drive Greenville, SC 29611

3 Beds 2 Baths - sqft Built 1963

$149,900

List Price

$1,100

$990 - $1.2K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $118.59
  • 2 Days on Market
  • MLS # : 1434402
  • Updated Date : 01/02/2021 at 19:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 1 full , 1 half
Listing Agent

Re/max Results

Listing Agent's Description

Close to TR, Furman, etc. This home sits at the back of a great neighborhood in a cul de sac with huge yard and backs to wooded area! All brick one story living plus unfinished basement with lots of potential! Large living room with XL windows that look out to the very large front yard. Carpet here and other rooms is not very old per seller. The lovely, bright eat in kitchen with double window over sink looks out to private woods. The breakfast area has 2 built in corner shelves and the side entry goes out to a great covered deck area (would be a wonderful screened porch!). There are 3 bedrooms. Master has a half bath. One of the bedrooms has gorgeous thick knotty pine walls and was probably used as a den in years past (but has a closet if you need a 3rd bedroom). Basement is wonderful for storage, workshop, etc. There is a former sink area, and the laundry hookups are here. The garage is also in the basement and the door is fairly new. The windows in this home are newer (double pane thermal), the flooring is really nice dark hardwood laminate. Roof is approx 2007; Water heater is 2013; City provides trash and recycling pick up. This home is being sold "as is", BUT home inspection was done 1/1/21 so further info will be available. All it needs is some cosmetic updates, but is move in ready as it is!! Professional pictures coming January 5th!

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PRICE & RENT TRENDS

Zip Code: 29611

ZipNIR Market*CityMarket2010Year2000201960k70k80k90k100k110k120k130k140k150k160k170k180kPrice in $56k190k

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

Zip Code: 29611

ZipNIR Market*CityMarket2010Year20002019 Q27008009001000110012001300Rent in $6051383

* 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
Welcome Elementary School Primary Regular 773 50 3
Tanglewood Middle School Middle Regular 592 39 2
Carolina High School High Magnet 733 51 1

Welcome Elementary School

  • Education Level: Primary
  • # of students: 773
  • # of teachers: 50
3
GreatSchools Rating

Tanglewood Middle School

  • Education Level: Middle
  • # of students: 592
  • # of teachers: 39
2
GreatSchools Rating

Carolina High School

  • Education Level: High
  • # of students: 733
  • # of teachers: 51
1
GreatSchools Rating
 

$134,910$164,890$149,900

PURCHASE PRICE

$990$1,210$1,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,100
EXPENSES Loan Payment -$553
Property Tax -$269
Property Insurance -$50
Property Management Fees -$88
CASH FLOW
$140

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.

$149,900

PROJECTED PRICE

$1,100

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.48%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k

PROJECTED ANNUAL CASH FLOW

11530$0.0$1.0k$2.0k$3.0k$4.0k$5.0k$6.0k$7.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$45,474

INVESTMENT

$45,474

Down Payment
$37,475
Rehab Estimate
$5,750
Closing Costs
$2,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$553

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $37,475
Loan Amount $112,425
See What Happens When You Reinvest Cash Flow

8.17

YEARS SAVED

$19,156

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,100

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,119

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,100
1$1,1002$1,2503$1,295
$1,295
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 113 River Oaks Drive Greenville, SC 1
    • 3 beds 2 baths ∙ 1,264 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,264 Sqft ∙ Built 1963
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.87
    •  
  • 100 Carver Street Greenville, SC 2
    • 4 beds 2 baths ∙ 1,307 Sqft ∙ Built 4 beds 2 baths ∙ 1,307 Sqft ∙ Built
    property image
    LEASED 11/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.96
    •  
  • 112 Aloha Drive Greenville, SC 3
    • 4 beds 3 baths ∙ 1,590 Sqft ∙ Built 4 beds 3 baths ∙ 1,590 Sqft ∙ Built
    property image
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.81
    •  
PROPERTY LISTING DETAILS
Wendy Carnes
1.864.430.5997
Re/max Results
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1434402
Last Updated: 01/02/2021
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