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

114 Chartwell Drive Greer, SC 29650

3 Beds 2 Baths - sqft Built 2002

$229,900

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 01, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $106.93
  • 6 Days on Market
  • MLS # : 1432721
  • Updated Date : 12/01/2020 at 22:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 2 full
Listing Agent

Bhhs C Dan Joyner - N. Pleas

Listing Agent's Description

Welcome to this REMODELED home with three bedrooms, a bonus room, and an office/workshop all on ONE LEVEL and located in the coveted RIVERSIDE school district! This home has so much to offer - an open floor plan with vaulted ceilings, brand new flooring and paint throughout nearly all the house, a roof that is less than five years old, a large master suite, and a fully fenced-in backyard. However, the real gem of this house is the rare, huge BONUS ROOM on the MAIN LEVEL that is tucked away off the kitchen, which could be used as a media room, homeschool room, rec room, or even converted into a massive 4th bedroom. Having the bonus room on main means NO STAIRS throughout the entire house and no issues with an upstairs bonus room getting hot during the summer. In addition to the bonus room, you have an office tucked away in the corner of the house (that is also large enough to convert into a bedroom!) and that has backyard access, making it an ideal spot for a workshop, pet room, storage for your yard equipment/tools, etc. Outside, you'll find the home situated on a large corner lot that offers you one of the most private backyards in the entire community, not to mention that it's fully fenced-in and ready for your pets and children! Clear CL100 and renewable termite bond (a $650 value) included! Chartwell Estates is an ideal family neighborhood, featuring a community pool, clubhouse, pond, etc. and with quick access to Highway 14 and I-85. Schedule your showing today!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 29650

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $85k260k

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

Zip Code: 29650

ZipNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600Rent in $9171690

* 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
Woodland Elementary School Primary Regular 1,087 60 9
Riverside Middle School Middle Regular 1,130 63 10
Riverside High School High Regular 1,646 82 7

Woodland Elementary School

  • Education Level: Primary
  • # of students: 1,087
  • # of teachers: 60
9
GreatSchools Rating

Riverside Middle School

  • Education Level: Middle
  • # of students: 1,130
  • # of teachers: 63
10
GreatSchools Rating

Riverside High School

  • Education Level: High
  • # of students: 1,646
  • # of teachers: 82
7
GreatSchools Rating
 

$206,910$252,890$229,900

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$848
Property Tax -$344
Property Insurance -$67
Property Management Fees -$124
CASH FLOW
$168

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.

$229,900

PROJECTED PRICE

$1,550

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.42%
Appreciation Year (1-5) 3.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.12%
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

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$66,674

INVESTMENT

$66,674

Down Payment
$57,475
Rehab Estimate
$5,750
Closing Costs
$3,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$848

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,475
Loan Amount $172,425
See What Happens When You Reinvest Cash Flow

8

YEARS SAVED

$28,488

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,550

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,656

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6503$1,7004$1,7505$1,800
$1,800
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 114 Chartwell Drive Greer, SC 1
    • 3 beds 2 baths ∙ 2,150 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,150 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.72
    •  
  • 210 Highgate Circle Greer, SC 2
    • 4 beds 3 baths ∙ 2,264 Sqft ∙ Built 4 beds 3 baths ∙ 2,264 Sqft ∙ Built
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.73
    •  
  • 30 Tack Lane Greer, SC 3
    • 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 4 beds 3 baths ∙ 2,260 Sqft ∙ Built
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.75
    •  
  • 108 Bascom Court Greer, SC 4
    • 4 beds 3 baths ∙ 2,190 Sqft ∙ Built 4 beds 3 baths ∙ 2,190 Sqft ∙ Built
    LEASED 07/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.80
    •  
  • 417 Grafton Court Greer, SC 5
    • 4 beds 3 baths ∙ 2,256 Sqft ∙ Built 4 beds 3 baths ∙ 2,256 Sqft ∙ Built
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.80
    •  
PROPERTY LISTING DETAILS
Stan Mccune
1.973.479.1267
Bhhs C Dan Joyner - N. Pleas
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1432721
Last Updated: 12/01/2020
BESbswy