Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

14 Novelty Drive Greer, SC 29651

3 Beds 3 Baths - sqft Built 2017

$298,900

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $140.07
  • 4 Days on Market
  • MLS # : 1436727
  • Updated Date : 02/04/2021 at 20:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 3 full
Listing Agent

Keller Williams Greenville Cen

Listing Agent's Description

This Gorgeous Craftsman home is located in charming O'Neal Village in Greer. The homes in O'Neal Village are unlike any other in the area and this one features James Hardie Siding, 3 Bedrooms, 3 Baths, Stainless Steel Appliances, Wood Flooring, Fireplace, Granite Countertops, and a spacious Dining Room! Upon entering the beautiful craftsman front door, you are greeted by luxury throughout with 10ft ceilings, crown molding, Wood flooring and tall windows that allow for lots of natural lighting. One of the private bedrooms is located at the front of the home next to the open foyer and has an adjoining full bath. Heading into the open foyer you are greeted by lots of windows and light which highlight the beauty of the dining room, kitchen and great room. To your right is the spacious and well-appointed kitchen featuring light craftsman styled cabinets and solid granite countertops with a glass-tiled backsplash. The kitchen features a nearly new upgraded stainless-steel refrigerator as well as a stainless smooth top range with an adjustable convection oven. There is also a spacious walk-in pantry for extra storage. The granite countertop runs the entire length of the kitchen and has space for 4 to 6 bar stools. The family/great room includes the television mounted over the fireplace and has plenty of space for a large sofa, loveseat, end tables and a center table. The stylish fireplace offers an area above it for a huge television (which is included) and the mantle is the perfect place for framing family memories AND hanging Christmas stockings! The spacious master suite with his and hers walk in closets and a master bath which has a two-sink vanity and custom vanity cabinets and also includes the mounted television. Two additional spacious bedrooms are also on the main floor as well as a second and third full bathroom with tub and custom cabinets. The laundry room is conveniently located at the garage entry which provides the ultimate in convenience. Outside you will find the private covered and screened patio, which is the perfect place for relaxing in the evening - the views of the big sky DO NOT disappoint! The covered porch is huge and runs the length of the home offering an oasis and enough room for sectional outdoor furniture, a dining table, and space for the grill. This space perfectly lends itself to outdoor living. You will absolutely love this amenity rich community that includes a resort Style Swimming Pool with Cabanas, Town Square, Basketball C

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

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$269,010$328,790$298,900

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$1,038
Property Tax -$484
Property Insurance -$66
Property Management Fees -$136
CASH FLOW
-$24

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.

$298,900

PROJECTED PRICE

$1,700

PROJECTED RENT

0.57%

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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$84,959

INVESTMENT

$84,959

Down Payment
$74,725
Rehab Estimate
$5,750
Closing Costs
$4,484

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,038

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,725
Loan Amount $224,175
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$8,447

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,633

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,6503$1,700
$1,700
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 14 Novelty Drive Greer, SC 3
    • 3 beds 3 baths ∙ 2,134 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,134 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.80
    •  
  • 230 Barberry Lane Greenville, SC 1
    • 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 3 beds 2 baths ∙ 1,809 Sqft ∙ Built
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.80
    •  
  • 15 Hollander Drive Taylors, SC 2
    • 4 beds 3 baths ∙ 2,255 Sqft ∙ Built 4 beds 3 baths ∙ 2,255 Sqft ∙ Built
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.73
    •  
PROPERTY LISTING DETAILS
Darlene Elmer
1.864.952.9570
Keller Williams Greenville Cen
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1436727
Last Updated: 02/04/2021
BESbswy