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

115 Prestwick Court Easley, SC 29642

3 Beds 3 Baths - sqft Built 1988

INVESTimate

$264,900

List Price

$1,490

$1,341 - $1,639

Rent Est.

$274,860  ( +3.76%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 1988
  • Price/Sqft : $171.68
  • 8 Days on Market
  • MLS # : 1425313
  • Updated Date : 08/19/2020 at 10:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 2 full , 1 half
Listing Agent

Re/max Results

Listing Agent's Description

Golf Course Living --Traditional All brick Home at Smithfields View! Newly renovated with additional Sunroom just added overlooking the Koi pond. This Charming 3 bedroom 2.5 bath Home features Updated flooring throughout, Kitchen with Granite C-tops and Stainless Appliances, Fresh painting, and much, much, more! The Dining Room with Large Picture Window flows straight into the Great Room with Gas Log Fireplace! The Master is on the main floor and features beautiful Subway Tile Shower. Hardwoods throughout the main level give this home a clean open feel! Your guests can use the Half bath just off the great room! Upstairs features 2 more bedrooms (or Bonus) and full bath! Relax in the Sunroom while enjoying the view of the pond, updated landscaping with pavers, built in back play equipment for the kids. The Backyard also features a private oasis overlooking the Golf Course with Back Patio, Firepit with seating, Pergola and Hot tub! Perfect for retirees or first time home buyers!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 29642

ZipNIR Market*CityMarket2010Year2000201980k90k100k110k120k130k140k150k160k170k180kPrice in $79k183k

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

Zip Code: 29642

ZipNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9171838

* 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
Forest Acres Elementary School Primary Regular 710 43 8
Richard H. Gettys Middle School Middle Regular 1,316 73 6
Easley High School High Regular 1,807 89 4

Forest Acres Elementary School

  • Education Level: Primary
  • # of students: 710
  • # of teachers: 43
8
GreatSchools Rating

Richard H. Gettys Middle School

  • Education Level: Middle
  • # of students: 1,316
  • # of teachers: 73
6
GreatSchools Rating

Easley High School

  • Education Level: High
  • # of students: 1,807
  • # of teachers: 89
4
GreatSchools Rating
 

$238,410$291,390$264,900

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

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-$2.0k$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$700k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$977
Property Tax -$297
Property Insurance -$55
Property Management Fees -$119
CASH FLOW
$41

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.

$264,900

PROJECTED PRICE

$1,490

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.16%
Appreciation Year (1-5) 3.76%
Maintenance Year (1-5) 8.00%
Vacancy 6.54%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,949

INVESTMENT

$75,949

Down Payment
$66,225
Rehab Estimate
$5,750
Closing Costs
$3,974

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$977

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,225
Loan Amount $198,675
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$16,623

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,490

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,353

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4903$1,4954$1,495
$1,495
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 115 Prestwick Court Easley, 2
    • 3 beds 3 baths ∙ 1,543 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,543 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $0.97
    •  
  • 529 Kingsman Lane Easley, 1
    • 3 beds 2 baths ∙ 1,572 Sqft ∙ Built 3 beds 2 baths ∙ 1,572 Sqft ∙ Built
    LEASED 10/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.86
    •  
  • 369 Hamilton Parkway Easley, 3
    • 4 beds 2 baths ∙ 1,834 Sqft ∙ Built 4 beds 2 baths ∙ 1,834 Sqft ∙ Built
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.82
    •  
  • 229 Eastpark Way Easley, 4
    • 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 3 beds 2 baths ∙ 1,567 Sqft ∙ Built
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.95
    •  
PROPERTY LISTING DETAILS
Debbie Riddle
1.864.608.0037
Re/max Results
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1425313
Last Updated: 08/19/2020
BESbswy