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PROPERTY INFO
FACTS
- Single Family
- Built In 2014
- Price/Sqft : $130.70
- 6 Days on Market
- MLS # : 1434209
- Updated Date : 12/29/2020 at 17:03
CONSTRUCTION
- Beds : 4
- Floor Size : '-'
- Baths : 2 full
Listing Agent
Leslie Horne & Associates
Listing Agent's Description
Fall in love with this 4 bedroom, 2 bath home that has been well loved and immaculately maintained. The great room has a corner fireplace with gas logs, crown molding, and hardwood floors that flow through the kitchen and dining area. The kitchen has stainless steel appliances, granite countertops, and a walk in pantry. The eat in dining area has wainscoting and a faux brick accent wall. Two bedrooms and a full bath are located off of the dining area. One bedroom is located off of the great room , and is currently being used as an office. The master suite is a perfect retreat. It is spacious, has a trey ceiling, and a large walk-in closet. The master bath has ceramic tile flooring, dual vanities, granite countertops, a whirlpool tub, and separate shower. This home continues to impress when you enter the back yard. There is a large screened porch that overlooks a fenced yard with patio for grilling, a built in fire pit, and goldfish pond. It is the perfect place to relax and unwind. The owner has also recently purchased solar panels, to make power bills nearly non-existent. This is one you will not want to get away! Located in a gated neighborhood, it offers a community pool, playground, and a pond. There is also a club house that can be rented for special occasions. Call today to schedule your personal viewing!
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PRICE & RENT TRENDS
Zip Code: 29316
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 29316
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,580 |
| EXPENSES | Loan Payment | -$922 |
| Property Tax | -$429 | |
| Property Insurance | -$62 | |
| Property Management Fees | -$126 | |
|
CASH FLOW
$40
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.
$249,900
PROJECTED PRICE
$1,580
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.52% |
| Appreciation Year (1-5) | 5.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.90% |
| 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
$71,974
LOAN DETAILS
$922
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $62,475 |
| Loan Amount | $187,425 |
4.42
YEARS SAVED
$13,053
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,580
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$1,453
COMP ESTIMATED VALUE -
$0.76
COMP AVG. RENT PER SQFT
Comps Range
-
126 Bridgeville Way Boiling Springs, SC 2
- 4 beds 2 baths ∙ 1,912 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,912 Sqft ∙ Built 2014
![property image]()
- Rent
- Rent Per SQFT
- $1,580
- $0.83
-
536 Clairidge Drive Boiling Springs, SC 1
- 4 beds 3 baths ∙ 2,052 Sqft ∙ Built 4 beds 3 baths ∙ 2,052 Sqft ∙ Built
![property image]()
LEASED 12/12/19- Rent
- Rent Per SQFT
- $1,550
- $0.76
PROPERTY LISTING DETAILS
1.864.809.3880
Leslie Horne & Associates
1.866.250.5610
Homeunion SC LLC
21064
MLS #: 1434209
Last Updated: 12/29/2020
