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127 River Way Drive Greer, SC 29651

4 Beds 3 Baths - sqft Built 1993

$300,000

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $133.69
  • 2 Days on Market
  • MLS # : 1431760
  • Updated Date : 11/14/2020 at 21:27
CONSTRUCTION
  • Beds : 4
  • Floor Size : '-'
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Greenville Cen

Listing Agent's Description

If you are looking for a community with lots of fun things to do and convenient to everything, you need to see this gorgeous home in Pelham Falls neighborhood! Pelham Falls offers a walking trail and river access (entrance located across the street from this home), pool with clubhouse and ample parking, playground and common areas. Pelham Falls subdivision is located at the front of the highly sought after Five Forks area, off of Batesville Road. Wonderful features you will enjoy about 127 River Way Dr are gleaming hardwood floors, stainless steal appliances, granite counter tops in the kitchen, bay windows, a catwalk, two story great room with brick wood burning fireplace, stunning outdoor fireplace and entertaining area! You do not want to miss your opportunity make this home your own. Property is located in a USDA-Eligible area, 100% financing may be available.

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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
Woodland Elementary School Primary Regular 1,087 60 9
Riverside Middle School Middle Regular 1,130 63 10
Riverside High School High Regular 1,646 82 7

Woodland Elementary School

  • Education Level: Primary
  • # of students: 1,087
  • # of teachers: 60
9
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
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,107
Property Tax -$371
Property Insurance -$68
Property Management Fees -$144
CASH FLOW
$110

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.

$300,000

PROJECTED PRICE

$1,800

PROJECTED RENT

0.60%

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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

6

YEARS SAVED

$24,481

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,773

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6953$1,8004$2,000
$2,000
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 127 River Way Drive Greer, SC 3
    • 4 beds 3 baths ∙ 2,244 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,244 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.80
    •  
  • 107 Sentinel Court Simpsonville, SC 1
    • 4 beds 3 baths ∙ 2,199 Sqft ∙ Built 4 beds 3 baths ∙ 2,199 Sqft ∙ Built
    LEASED 06/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.75
    •  
  • 18 North Orchard Farm Avenue Simpsonville, SC 2
    • 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 4 beds 3 baths ∙ 2,260 Sqft ∙ Built
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.75
    •  
  • 202 River Way Drive Greer, SC 4
    • 3 beds 3 baths ∙ 2,294 Sqft ∙ Built 3 beds 3 baths ∙ 2,294 Sqft ∙ Built
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.87
    •  
PROPERTY LISTING DETAILS
Tracy Roberts
1.864.412.6225
Keller Williams Greenville Cen
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1431760
Last Updated: 11/14/2020
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