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114 Lora Lane Greenville, SC 29617

3 Beds 3 Baths - sqft Built 1990

$209,500

List Price

$1,410

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $122.30
  • 2 Days on Market
  • MLS # : 1435322
  • Updated Date : 01/16/2021 at 02:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 2 full , 1 half
Listing Agent

Servus Realty Group

Listing Agent's Description

Welcome to your new home! This beautifully maintained Cape Cod style home sits on a wooded lot that is almost one full acre! The updated kitchen includes an island with a smooth range top, pendant lighting, tiled back splash, newer appliances and beautiful solid wood cabinets. There is a large rear deck that is perfect for entertaining or just relaxing after a hard day. Upstairs are two large master suites that each have their own bathroom, walk in closet and ceiling fan. The third bedroom is on the first floor with a beautiful view of the spacious front yard. Don't miss out on this beauty! It won't last long!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 29617

ZipNIR Market*CityMarket2010Year2000201960k70k80k90k100k110k120k130k140k150k160k170k180kPrice in $59k190k

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

Zip Code: 29617

ZipNIR Market*CityMarket2010Year20002019 Q275080085090095010001050110011501200125013001350Rent in $7381383

* 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
Berea Elementary School Primary Regular 476 36 4
Berea Middle School Middle Regular 676 45 3
Berea High School High Regular 1,091 66 5

Berea Elementary School

  • Education Level: Primary
  • # of students: 476
  • # of teachers: 36
4
GreatSchools Rating

Berea Middle School

  • Education Level: Middle
  • # of students: 676
  • # of teachers: 45
3
GreatSchools Rating

Berea High School

  • Education Level: High
  • # of students: 1,091
  • # of teachers: 66
5
GreatSchools Rating
 

$188,550$230,450$209,500

PURCHASE PRICE

$1,269$1,551$1,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,410
EXPENSES Loan Payment -$728
Property Tax -$332
Property Insurance -$59
Property Management Fees -$113
CASH FLOW
$179

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.

$209,500

PROJECTED PRICE

$1,410

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.6%
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$600k$700k$800k

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$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,268

INVESTMENT

$61,268

Down Payment
$52,375
Rehab Estimate
$5,750
Closing Costs
$3,143

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$728

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $52,375
Loan Amount $157,125
See What Happens When You Reinvest Cash Flow

8

YEARS SAVED

$22,392

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,410

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,405

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,4103$1,500
$1,500
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 114 Lora Lane Greenville, SC 2
    • 3 beds 3 baths ∙ 1,713 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,713 Sqft ∙ Built 1990
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,410
    • $0.82
    •  
  • 16 Penarth Drive Greenville, SC 1
    • 3 beds 2 baths ∙ 1,628 Sqft ∙ Built 3 beds 2 baths ∙ 1,628 Sqft ∙ Built
    property image
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.80
    •  
  • 603 Lenhardt Road Greenville, SC 3
    • 3 beds 3 baths ∙ 1,792 Sqft ∙ Built 3 beds 3 baths ∙ 1,792 Sqft ∙ Built
    property image
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.84
    •  
PROPERTY LISTING DETAILS
Jessica Spikes
1.864.640.5325
Servus Realty Group
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1435322
Last Updated: 01/16/2021
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