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148 Wedgewood Drive Easley, SC 29640

4 Beds 2 Baths - sqft Built 1972

INVESTimate

$249,900

List Price

$1,630

$1,467 - $1,793

Rent Est.

$261,195  ( +4.52%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1972
  • Price/Sqft : $92.97
  • 2 Days on Market
  • MLS # : 1425808
  • Updated Date : 08/25/2020 at 19:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : '-'
  • Baths : 2 full
Listing Agent

Bhhs C Dan Joyner - Augusta Rd

Listing Agent's Description

This home is a stately Colonial and a one of a kind in the well located Fleetwood neighborhood of Easley. Prepare to be wowed by the curb appeal of the home as you drive up to this 4 bedroom, 2 3/4 bath, 2700 square foot, 2 story home with a 1300+ square foot unfinished basement. Additionally, the home sits on 1.2 acres of lawn and mature trees on a quiet street. Recent upgrades in 2020 include a new roof and complete exterior painting, while a full flushing and cleaning out of all drains with replacement of all faucets in the bathrooms and kitchen, placement of electrical outlets in the bathrooms and replacement of all basement doors and door frames were completed in 2019. Previous upgrades include leaf guard gutters and thermal, tilt in windows throughout the home in 2006. Perfect home for a growing family and conveniently located to all the best that Easley has to offer. Prisma Baptist Hospital is just around the corner and several dental and medical offices are within a 5-10 minute drive. Shopping, Restaurants and Recreational activities abound including The Doodle Trail and Station, McKissick Park and Hagood Park that are also minutes away. Enjoy the Farmers Market, Party on Pendleton and Movies on Main (when the rules of COVID 19 allow). Downtown Easley is 1 1/2 miles. Greenville, Clemson University or the Mountains are each a 20-25 minute drive. Plan a family day trip or camp overnight where walking trails, lakes, fishing and boating opportunities are plentiful. Home warranty being offered.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 29640

ZipNIR Market*CityMarket2010Year2000201960k70k80k90k100k110k120k130k140k150k160k170kPrice in $59k177k

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

Zip Code: 29640

ZipNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7431702

* 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
Mckissick Elementary School Primary Regular 390 27 3
Richard H. Gettys Middle School Middle Regular 1,316 73 6
Easley High School High Regular 1,807 89 4

Mckissick Elementary School

  • Education Level: Primary
  • # of students: 390
  • # of teachers: 27
3
GreatSchools Rating

Richard H. Gettys Middle School

  • Education Level: Middle
  • # of students: 1,316
  • # of teachers: 73
6
GreatSchools Rating

Easley High School

  • Education Level: High
  • # of students: 1,807
  • # of teachers: 89
4
GreatSchools Rating
 

$224,910$274,890$249,900

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

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$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$922
Property Tax -$280
Property Insurance -$76
Property Management Fees -$130
CASH FLOW
$221

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$249,900

PROJECTED PRICE

$1,630

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.52%
Maintenance Year (1-5) 8.00%
Vacancy 6.48%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

8.67

YEARS SAVED

$34,972

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $0.61

    LIST RENT PER SQFT
  • $1,640

    COMP ESTIMATED VALUE
  • $0.61

    COMP AVG. RENT PER SQFT
Comps Range
$1,630
1$1,6302$1,700
$1,700
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 148 Wedgewood Drive Easley, 1
    • 4 beds 2 baths ∙ 2,688 Sqft ∙ Built 1972 4 beds 2 baths ∙ 2,688 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $0.61
    •  
  • 903 N A Street Easley, 2
    • 4 beds 3 baths ∙ 2,770 Sqft ∙ Built 4 beds 3 baths ∙ 2,770 Sqft ∙ Built
    LEASED 08/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.61
    •  
PROPERTY LISTING DETAILS
Lisa Coleman
1.980.721.6294
Bhhs C Dan Joyner - Augusta Rd
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1425808
Last Updated: 08/25/2020
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