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117 Alcove Court Greenville, SC 29607

3 Beds 3 Baths - sqft Built 2010

$280,000

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $130.84
  • 3 Days on Market
  • MLS # : 1433836
  • Updated Date : 12/19/2020 at 21:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 2 full , 1 half
Listing Agent

Signature Real Estate Grv

Listing Agent's Description

Don't miss out on this beautiful Craftsman style home with a great open floorplan with master on the main, granite countertops, stone fireplace and luxury vinyl plank flooring throughout the main level. The open concept floorplan encourages an easy, natural flow from the Dining Room into the Kitchen, Breakfast Room, and Great Room. The Kitchen features generously sized upgraded cabinets for lots of storage and granite countertops. The Master Bedroom features large windows, a walk-in closet, and a ceiling fan while the Master Bathroom includes a full Garden Tub, separate shower and double vanities with ceramic tile flooring. This inviting backyard is fenced in and has a screened in porch to sit and relax and drink coffee with a deck that would be great for a firepit, great inviting open space. Within walking distance to Greenbrier Elementary School. Minutes from Downtown Simpsonville, Mauldin and Downtown Greenville, shopping and dining. Open space across the street in the cul-de-sac is a permanent green space or common area for the neighborhood.

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PRICE & RENT TRENDS

Zip Code: 29607

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $85k240k

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

Zip Code: 29607

ZipNIR Market*CityMarket2010Year20002019 Q28009001000110012001300140015001600Rent in $7911653

* 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
Greenbrier Elementary School Primary Regular 795 45 6
Hillcrest Middle School Middle Regular 1,001 55 8
Mauldin High School High Regular 2,240 108 8

Greenbrier Elementary School

  • Education Level: Primary
  • # of students: 795
  • # of teachers: 45
6
GreatSchools Rating

Hillcrest Middle School

  • Education Level: Middle
  • # of students: 1,001
  • # of teachers: 55
8
GreatSchools Rating

Mauldin High School

  • Education Level: High
  • # of students: 2,240
  • # of teachers: 108
8
GreatSchools Rating
 

$252,000$308,000$280,000

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$1,033
Property Tax -$343
Property Insurance -$66
Property Management Fees -$130
CASH FLOW
$58

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.

$280,000

PROJECTED PRICE

$1,630

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.42%
Appreciation Year (1-5) 6.9%
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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$20,441

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,664

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5003$1,6304$1,6505$1,650
$1,650
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 117 Alcove Court Greenville, SC 3
    • 3 beds 3 baths ∙ 2,140 Sqft ∙ Built 2010 3 beds 3 baths ∙ 2,140 Sqft ∙ Built 2010
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $0.76
    •  
  • 5 Sawtooth Court Simpsonville, SC 1
    • 3 beds 3 baths ∙ 1,974 Sqft ∙ Built 3 beds 3 baths ∙ 1,974 Sqft ∙ Built
    property image
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.76
    •  
  • 21 Poplar Springs Drive Mauldin, SC 2
    • 4 beds 3 baths ∙ 1,790 Sqft ∙ Built 4 beds 3 baths ∙ 1,790 Sqft ∙ Built
    property image
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.84
    •  
  • 200 Woodvine Way Mauldin, SC 4
    • 4 beds 3 baths ∙ 2,051 Sqft ∙ Built 4 beds 3 baths ∙ 2,051 Sqft ∙ Built
    property image
    LEASED 12/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.80
    •  
  • 7 Fawn Ridge Way Mauldin, SC 5
    • 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 4 beds 3 baths ∙ 2,324 Sqft ∙ Built
    property image
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.71
    •  
PROPERTY LISTING DETAILS
Janice Rivera
1.864.373.5401
Signature Real Estate Grv
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1433836
Last Updated: 12/19/2020
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