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2 Abelia Drive Greenville, SC 29617

3 Beds 2 Baths - sqft Built 1965

$169,900

List Price

$1,380

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1965
  • Price/Sqft : $125.29
  • 3 Days on Market
  • MLS # : 1435215
  • Updated Date : 01/15/2021 at 14:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 2 full
Listing Agent

Better Homes & Gardens Young &

Listing Agent's Description

Located minutes from downtown Greenville. This home offers hardwood floors throughout the living area. Many rooms that could serve as bedrooms or additional area for activities. Granite counter with large area for all cooking needs. Comes with large detached garage that would be perfect for cars on your own workshop. Call to schedule a showing today!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 29617

ZipNIR Market*CityMarket2010Year2000201960k70k80k90k100k110k120k130k140k150k160k170k180kPrice in $59k190k

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

Zip Code: 29617

ZipNIR Market*CityMarket2010Year20002019 Q275080085090095010001050110011501200125013001350Rent in $7381383

* 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
Duncan Chapel Elementary School Primary Regular 679 42 6
Lakeview Middle School Middle Regular 533 34 2
Berea High School High Regular 1,091 66 5

Duncan Chapel Elementary School

  • Education Level: Primary
  • # of students: 679
  • # of teachers: 42
6
GreatSchools Rating

Lakeview Middle School

  • Education Level: Middle
  • # of students: 533
  • # of teachers: 34
2
GreatSchools Rating

Berea High School

  • Education Level: High
  • # of students: 1,091
  • # of teachers: 66
5
GreatSchools Rating
 

$152,910$186,890$169,900

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$590
Property Tax -$304
Property Insurance -$52
Property Management Fees -$110
CASH FLOW
$323

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.

$169,900

PROJECTED PRICE

$1,380

PROJECTED RENT

0.81%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.48%
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

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$500k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$50,774

INVESTMENT

$50,774

Down Payment
$42,475
Rehab Estimate
$5,750
Closing Costs
$2,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$590

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $42,475
Loan Amount $127,425
See What Happens When You Reinvest Cash Flow

12.67

YEARS SAVED

$34,737

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,380

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,370

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,195
1$1,1952$1,380
$1,380
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 2 Abelia Drive Greenville, SC 2
    • 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 1965
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $1.02
    •  
  • 207 Tindal Road Greenville, SC 1
    • 3 beds 1 baths ∙ 1,180 Sqft ∙ Built 3 beds 1 baths ∙ 1,180 Sqft ∙ Built
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $1.01
    •  
PROPERTY LISTING DETAILS
T.j. Young
1.864.399.0242
Better Homes & Gardens Young &
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1435215
Last Updated: 01/15/2021
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