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PROPERTY INFO
FACTS
- Single Family
- Built In 1965
- Price/Sqft : $111.18
- 2 Days on Market
- MLS # : 1436894
- Updated Date : 02/07/2021 at 03:33
CONSTRUCTION
- Beds : 3
- Floor Size : '-'
- Baths : 1 full , 1 half
Listing Agent
Impact Realty Group
Listing Agent's Description
Off of Laurens Road in Mauldin! What a combination---CHARMING BROWN BRICK RANCH on LARGE LEVEL LOT in MAULDIN SCHOOL DISTRICT in walking distance of COMMUNITY PARK and easy access to I-385. This 3 bedroom 1.5 bath ranch already has some beautiful upgrades such as CUSTOM OAK KITCHEN CABINETS and a VAULTED FAMILY ROOM. Hardwoods in family room, dining room, and hallway. An abundance of ceiling fans throughout the house. Separate heating/cooling in southern exposure family room offers less wear and tear on the furnace. Laundry room with walk in storage pantry, and separate entrance to the outdoors. So much potential to make this house into your HOME SWEET HOME! House has a new roof and large gutters, and a completely new HVAC. The crawl space is completely encapsulated, and there is a 24 x 12 storage shed with electricity in the fenced in back yard, as well as a separate small tool shed. There is an outdoor patio off of the sunroom and a separate concrete area in the rear for a basketball hoop or place to enjoy the sun. Attached carport plus extra paved parking area for a small army. Refrigerator, washer and dryer are negotiable. Additional pictures will be added tonight.
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PRICE & RENT TRENDS
Zip Code: 29662
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 29662
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
Sorry, we do not have sufficient school data for this neighborhood.
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,280 |
| EXPENSES | Loan Payment | -$611 |
| Property Tax | -$227 | |
| Property Insurance | -$56 | |
| Property Management Fees | -$102 | |
|
CASH FLOW
$283
|
||
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.
$176,000
PROJECTED PRICE
$1,280
PROJECTED RENT
0.73%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.42% |
| Appreciation Year (1-5) | 4.0% |
| 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
$52,390
LOAN DETAILS
$611
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $44,000 |
| Loan Amount | $132,000 |
12.33
YEARS SAVED
$34,266
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,280
LIST RENT -
$0.81
LIST RENT PER SQFT
-
$1,433
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
124 Pleasant Drive Mauldin, SC 2
- 3 beds 2 baths ∙ 1,583 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,583 Sqft ∙ Built 1965
![property image]()
- Rent
- Rent Per SQFT
- $1,280
- $0.81
-
3 Duncan Court Mauldin, SC 1
- 3 beds 2 baths ∙ 1,305 Sqft ∙ Built 3 beds 2 baths ∙ 1,305 Sqft ∙ Built
![property image]()
LEASED 05/07/20- Rent
- Rent Per SQFT
- $1,200
- $0.92
-
107 Swinton Drive Greenville, SC 3
- 3 beds 2 baths ∙ 1,419 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,419 Sqft ∙ Built 1969
![property image]()
LEASED 04/22/20- Rent
- Rent Per SQFT
- $1,350
- $0.95
-
4 Fawn Ridge Way Mauldin, SC 4
- 4 beds 3 baths ∙ 1,810 Sqft ∙ Built 4 beds 3 baths ∙ 1,810 Sqft ∙ Built
![property image]()
LEASED 11/10/19- Rent
- Rent Per SQFT
- $1,595
- $0.88
-
11 Blossom Park Court Mauldin, SC 5
- 4 beds 3 baths ∙ 1,894 Sqft ∙ Built 4 beds 3 baths ∙ 1,894 Sqft ∙ Built
![property image]()
LEASED 11/15/19- Rent
- Rent Per SQFT
- $1,650
- $0.87
PROPERTY LISTING DETAILS
1.864.593.5133
Impact Realty Group
1.866.250.5610
Homeunion SC LLC
21064
MLS #: 1436894
Last Updated: 02/07/2021
