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116 Sabra Drive Easley, SC 29642

3 Beds 2 Baths - sqft Built 1991

$185,000

List Price

$1,340

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $127.41
  • 4 Days on Market
  • MLS # : 1437189
  • Updated Date : 02/11/2021 at 17:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 2 full
Listing Agent

Impact Realty Group

Listing Agent's Description

Welcome home to 116 Sabra Drive in Easley! This one story, three bedroom, two bathroom home is in the perfect location, just minutes from the booming downtown Easley or a quick ride to Powdersville and access to I-85. Situated on a little under a half an acre lot this property is in the Wyatt acres subdivision, an established neighborhood with mature landscaping and a homey feel. You will notice this home has been well loved with many upgrades over the years including hardwood floors, granite, and newer appliances. As you pull up to 116 Sabra Drive, you instantly admire the large front porch and envision rocking on the porch swing and enjoying a morning coffee. As you enter through the front door, you will love the open feel of the living room with gas fireplace, kitchen, and dining area. Down the hall from living room you will pass the laundry, a full bathroom, two bedrooms on the left, and a large master suite at end on the right. The master suite has plenty of space for a king bedroom suite and includes a spacious walk-in closet. The master bathroom boasts a double sink with granite counters, and a shower/tub combo. There are plenty of additional opportunities to enjoy outdoor living with a cozy screened in porch right off the kitchen or in the backyard with a deck for grilling. There is so much to love about this adorable home so don't wait, schedule your private showing today!

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
West End Elementary School Primary Regular 711 46 5
Richard H. Gettys Middle School Middle Regular 1,316 73 6
Easley High School High Regular 1,807 89 4

West End Elementary School

  • Education Level: Primary
  • # of students: 711
  • # of teachers: 46
5
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
 

$166,500$203,500$185,000

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$643
Property Tax -$208
Property Insurance -$54
Property Management Fees -$107
CASH FLOW
$329

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.

$185,000

PROJECTED PRICE

$1,340

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.16%
Appreciation Year (1-5) 3.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.54%
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$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$54,775

INVESTMENT

$54,775

Down Payment
$46,250
Rehab Estimate
$5,750
Closing Costs
$2,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$643

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $46,250
Loan Amount $138,750
See What Happens When You Reinvest Cash Flow

12.75

YEARS SAVED

$37,949

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,340

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,292

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,340
1$1,3402$1,3503$1,400
$1,400
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 116 Sabra Drive Easley, SC 1
    • 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $0.92
    •  
  • 529 Kingsman Lane Easley, SC 2
    • 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
    •  
  • 106 Pope Field Road Easley, SC 3
    • 3 beds 2 baths ∙ 1,519 Sqft ∙ Built 3 beds 2 baths ∙ 1,519 Sqft ∙ Built
    LEASED 01/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.92
    •  
PROPERTY LISTING DETAILS
Michelle Kennedy
1.864.986.9787
Impact Realty Group
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1437189
Last Updated: 02/11/2021
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