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PROPERTY INFO
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!
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PRICE & RENT TRENDS
Zip Code: 29650
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 29650
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$66,674
LOAN DETAILS
$848
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $57,475 |
| Loan Amount | $172,425 |
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
-
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
1.973.479.1267
Bhhs C Dan Joyner - N. Pleas
1.866.250.5610
Homeunion SC LLC
21064
MLS #: 1432721
Last Updated: 12/01/2020
