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2 Woodtrace Circle Greenville, SC 29615

3 Beds 2 Baths - sqft Built 1992

$295,000

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $163.71
  • 3 Days on Market
  • MLS # : 1436851
  • Updated Date : 02/06/2021 at 01:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 2 full
Listing Agent

Coldwell Banker Caine/williams

Listing Agent's Description

3 BR/2BA home located in desirable Morningside at Rolling Green Village. This updated patio home is nicely landscaped, backs to the walking trail and has a level driveway and walkway leading to a rocking chair front porch. Inside you'll find a split BR floor plan, vaulted ceilings and recently updated kitchen with stainless appliances, quartz countertops and tile backsplash. All newer paint and flooring throughout with beautiful LVT hardwood. Master BR/BA also has vaulted ceiling, walk in closet, shower and double vanity. Bright and cozy sunroom opens to deck overlooking beautiful yard. Newer windows, roof and encapsulated tall crawl which is great for storage. Per Rolling Green Village there is a one time resident membership fee per unit of $10K, Rolling Green Village Monthly Association Fee of $508, and a HOA Monthly Fee of $280. HOA includes exterior maintenance, lawn maintenance, garbage pickup, and termite contract. Rolling Green Fees include wellness center, salt water pool, fitness center, planned activities, emergency call service, access to health care, security, some transportation, and discounted meals, housekeeping and maintenance. All residents must be approved for membership to Rolling Green Village. Contact Ruth Wood at 864-987-9800.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 29615

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $85k262k

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

Zip Code: 29615

ZipNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7911778

* 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.
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$1,025
Property Tax -$351
Property Insurance -$60
Property Management Fees -$128
CASH FLOW
$37

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.

$295,000

PROJECTED PRICE

$1,600

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.42%
Appreciation Year (1-5) 6.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.12%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,025

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$15,938

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,634

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6503$1,6954$1,800
$1,800
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 2 Woodtrace Circle Greenville, SC 1
    • 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.89
    •  
  • 833 Woodsford Drive Greenville, SC 2
    • 3 beds 3 baths ∙ 1,792 Sqft ∙ Built 3 beds 3 baths ∙ 1,792 Sqft ∙ Built
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.92
    •  
  • 100 W Fieldsparrow Court Greenville, SC 3
    • 4 beds 2 baths ∙ 1,924 Sqft ∙ Built 4 beds 2 baths ∙ 1,924 Sqft ∙ Built
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.88
    •  
  • 212 Lansfair Way Greenville, SC 4
    • 4 beds 2 baths ∙ 1,958 Sqft ∙ Built 4 beds 2 baths ∙ 1,958 Sqft ∙ Built
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.92
    •  
PROPERTY LISTING DETAILS
Suzanne Freeman
1.864.982.3800
Coldwell Banker Caine/williams
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1436851
Last Updated: 02/06/2021
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