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138 Cosmos Lane Greer, SC 29651

3 Beds 2 Baths - sqft Built 2014

$175,000

List Price

$1,260

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

January 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $148.81
  • 6 Days on Market
  • MLS # : 1435448
  • Updated Date : 01/19/2021 at 02:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 2 full
Listing Agent

Real Estate Advocates Us

Listing Agent's Description

Come see this immaculate home in Suncrest Ridge Subdivision! Turn the key and start living in this partially furnished retreat. This one owner home is like new and is convenient to stores, restaurants, downtown Greer (2mi), BMW (3mi) and I-85. The quiet neighborhood boasts privacy. The custom builder pulled out all the stops making this home energy efficient and the custom cabinets in the kitchen built to the ceiling offer ample storage. The porch off of the kitchen is the perfect spot for grilling and entertaining. The large master bedroom with tray ceiling is warm and inviting. This home is built on a largely sought after crawl space allowing for air circulation and easy access to plumbing, piping etc. for handy repair. In the back of the home notice the storage room for your lawn mower yard equipment etc.

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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
Greer Middle School Middle Regular 957 57 6
Greer High School High Regular 1,172 61 6

Woodland Elementary School

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

Greer Middle School

  • Education Level: Middle
  • # of students: 957
  • # of teachers: 57
6
GreatSchools Rating

Greer High School

  • Education Level: High
  • # of students: 1,172
  • # of teachers: 61
6
GreatSchools Rating
 

$157,500$192,500$175,000

PURCHASE PRICE

$1,134$1,386$1,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,260
EXPENSES Loan Payment -$608
Property Tax -$213
Property Insurance -$49
Property Management Fees -$101
CASH FLOW
$290

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.

$175,000

PROJECTED PRICE

$1,260

PROJECTED RENT

0.72%

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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$52,125

INVESTMENT

$52,125

Down Payment
$43,750
Rehab Estimate
$5,750
Closing Costs
$2,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$608

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $43,750
Loan Amount $131,250
See What Happens When You Reinvest Cash Flow

12.25

YEARS SAVED

$33,979

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,260

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $1,294

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,260
1$1,2602$1,295
$1,295
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 138 Cosmos Lane Greer, SC 1
    • 3 beds 2 baths ∙ 1,176 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,176 Sqft ∙ Built 2014
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,260
    • $1.07
    •  
  • 119 Cosmos Lane Greer, SC 2
    • 3 beds 2 baths ∙ 1,179 Sqft ∙ Built 3 beds 2 baths ∙ 1,179 Sqft ∙ Built
    property image
    LEASED 01/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.10
    •  
PROPERTY LISTING DETAILS
T.j. Norris
1.864.909.7718
Real Estate Advocates Us
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1435448
Last Updated: 01/19/2021
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