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125 Cotter Lane Greer, SC 29651

4 Beds 3 Baths - sqft Built 1998

$269,900

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $127.31
  • 1 Days on Market
  • MLS # : 1435849
  • Updated Date : 01/24/2021 at 03:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : '-'
  • Baths : 2 full , 1 half
Listing Agent

Kb Global Solutions, Llc

Listing Agent's Description

Welcome home to this beautifully kept 4 bedroom 2.5 bathroom Hammet Crossing home! Brand new flooring and fresh paint throughout most of the home. There isn't much left for you to do but move-in! Fall in love the moment you walk in to the 2story foyer. To your right the spacious formal living room allows plenty of sunlight in for your quiet enjoyment. This eat-in kitchen is perfect for entertaining guests or enjoying a simple meal with your family; updated with newer appliances. Off of the kitchen is a peaceful elegantly paved porch overlooking the beautiful backyard. Back inside is a spacious great room complete with a fireplace and access to the 2 car garage. Upstairs you will find your master bedroom with 3 additional bedrooms, 2 full bathrooms, and the laundry room. The master suite greets you with lovely tray ceilings and a massive ensuite fitted with a garden tub, stand alone shower, double sink, water closet, and expansive walk-in closet. Hammett Crossings offers many amenities including a pool, clubhouse, and playground. Excellent schools and convenience to all the Upstate has to offer add to the wow factor for this home! Schedule your showings today.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 29651

ZipNIR Market*CityMarket2010Year2000201980k90k100k110k120k130k140k150k160k170k180k190k200k210kPrice in $79k217k

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

Zip Code: 29651

ZipNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9171558

* 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
Brushy Creek Elementary School Primary Regular 901 51 10
Riverside Middle School Middle Regular 1,130 63 10
Riverside High School High Regular 1,646 82 7

Brushy Creek Elementary School

  • Education Level: Primary
  • # of students: 901
  • # of teachers: 51
10
GreatSchools Rating

Riverside Middle School

  • Education Level: Middle
  • # of students: 1,130
  • # of teachers: 63
10
GreatSchools Rating

Riverside High School

  • Education Level: High
  • # of students: 1,646
  • # of teachers: 82
7
GreatSchools Rating
 

$242,910$296,890$269,900

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$937
Property Tax -$394
Property Insurance -$66
Property Management Fees -$131
CASH FLOW
$111

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.

$269,900

PROJECTED PRICE

$1,640

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.16%
Appreciation Year (1-5) 4.1%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,274

INVESTMENT

$77,274

Down Payment
$67,475
Rehab Estimate
$5,750
Closing Costs
$4,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$937

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,475
Loan Amount $202,425
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$18,162

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,640

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,749

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,640
1$1,6402$1,6503$1,7504$1,8505$1,850
$1,850
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 125 Cotter Lane Greer, SC 1
    • 4 beds 3 baths ∙ 2,120 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,120 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $0.77
    •  
  • 203 Knoll Ridge Drive Greer, SC 2
    • 4 beds 3 baths ∙ 2,155 Sqft ∙ Built 4 beds 3 baths ∙ 2,155 Sqft ∙ Built
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.77
    •  
  • 4 Parkwalk Drive Greer, SC 3
    • 4 beds 3 baths ∙ 2,216 Sqft ∙ Built 4 beds 3 baths ∙ 2,216 Sqft ∙ Built
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.79
    •  
  • 201 Keelin Lane Greer, SC 4
    • 3 beds 3 baths ∙ 2,236 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,236 Sqft ∙ Built 2005
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.83
    •  
  • 3 Ambrose Trail Greer, SC 5
    • 4 beds 3 baths ∙ 2,032 Sqft ∙ Built 4 beds 3 baths ∙ 2,032 Sqft ∙ Built
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.91
    •  
PROPERTY LISTING DETAILS
Kimberly Williams Bookert
1.864.626.8004
Kb Global Solutions, Llc
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1435849
Last Updated: 01/24/2021
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