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195 Granger Road Spartanburg, SC 29306

3 Beds 2 Baths - sqft Built 1965

$110,000

List Price

$1,220

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1965
  • Price/Sqft : $87.37
  • 3 Days on Market
  • MLS # : 1433878
  • Updated Date : 12/18/2020 at 22:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Great value in District 6 Schools!!! This all brick, 3 bedroom 2 bath ranch style home sits on a huge corner lot in Sherwood Acres that is almost a half acre! Enjoy grilling out on the patio overlooking the huge fenced in back yard. Large den with corner gas log fireplace just waiting to be connected and enjoyed this winter. There are original hardwood floors hidden under carpet and vinyl just waiting to be revealed. Call for your private tour and make this your dream home today!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 29306

ZipNIR Market*CityMarket2010Year2000201950k60k70k80k90k100k110k120k130kPrice in $47k139k

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

Zip Code: 29306

ZipNIR Market*CityMarket2010Year20002019 Q25005506006507007508008509009501000105011001150Rent in $4791153

* 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
Dorman High Freshman Campus High Regular 863 53 5
Dorman High School High Regular 2,381 126 3

Dorman High Freshman Campus

  • Education Level: High
  • # of students: 863
  • # of teachers: 53
5
GreatSchools Rating

Dorman High School

  • Education Level: High
  • # of students: 2,381
  • # of teachers: 126
3
GreatSchools Rating
 

$99,000$121,000$110,000

PURCHASE PRICE

$1,098$1,342$1,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,220
EXPENSES Loan Payment -$406
Property Tax -$205
Property Insurance -$50
Property Management Fees -$98
CASH FLOW
$462

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.

$110,000

PROJECTED PRICE

$1,220

PROJECTED RENT

1.11%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.52%
Appreciation Year (1-5) 2.4%
Maintenance Year (1-5) 8.00%
Vacancy 7.90%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$50k$100k$150k$200k$250k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$34,900

INVESTMENT

$34,900

Down Payment
$27,500
Rehab Estimate
$5,750
Closing Costs
$1,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$406

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $27,500
Loan Amount $82,500
See What Happens When You Reinvest Cash Flow

18.33

YEARS SAVED

$39,744

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,220

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,397

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,220
$1,220
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 195 Granger Road Spartanburg, SC 2
    • 3 beds 2 baths ∙ 1,259 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,259 Sqft ∙ Built 1965
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,220
    • $0.97
    •  
  • 107 Briarwood Road Spartanburg, SC 1
    • 3 beds 2 baths ∙ 1,037 Sqft ∙ Built 3 beds 2 baths ∙ 1,037 Sqft ∙ Built
    property image
    LEASED 10/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $1.11
    •  
PROPERTY LISTING DETAILS
Archie Hammond
1.864.529.9988
Keller Williams Realty
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1433878
Last Updated: 12/18/2020
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