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PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $106.27
- 3 Days on Market
- MLS # : 1435733
- Updated Date : 01/22/2021 at 15:45
CONSTRUCTION
- Beds : 3
- Floor Size : '-'
- Baths : 2 full , 1 half
Listing Agent
Bhhs C Dan Joyner - Pelham
Listing Agent's Description
THE ENCLAVE AT LISMORE PARK - Conveniently located off of Suber Rd near the new Lowe’s Foods shopping center and Riverside High School! This home is bursting with charm and pride of ownership! Built in 2016, you’re sure to see all of the detail that went into it! From the covered front porch, you enter into the foyer and are immediately greeted by an open concept main level! On your left, the dining room offers wainscoting, crown molding, and an upgraded light fixture! Onto the living room, here you’ll experience the luxury of soaring 2-story ceilings and bright, open living! The kitchen provides stainless steel appliances, recessed lighting, granite counters, a pantry, and pull up bar seating around the oversized island! The breakfast room is a great size and offers access to the large paver patio and a spacious, fenced backyard! Back inside, and on the Main level you’ll appreciate a large Owner’s Suite! This sizable bedroom provides tray ceiling, and an ensuite bathroom with double sink, shower/tub combo, linen closet, and walk-in closet! Other features of the main floor include a powder room, walk-in laundry room, and garage access door! Onto the second floor, you’re welcomed to a spacious loft. This space is perfect for toys, working from home, gamer’s suite or cuddling up for family movie night! Two spacious bedrooms both with large closets and a shared hall bath can also be found upstairs! This home has been meticulously cared for and a full list of improvements is available! Don't miss this opportunity to be in one of the most desirable areas of Greer!
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PRICE & RENT TRENDS
Zip Code: 29650
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 29650
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,770 |
| EXPENSES | Loan Payment | -$877 |
| Property Tax | -$403 | |
| Property Insurance | -$71 | |
| Property Management Fees | -$142 | |
|
CASH FLOW
$278
|
||
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.
$252,500
PROJECTED PRICE
$1,770
PROJECTED RENT
0.70%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.42% |
| Appreciation Year (1-5) | 3.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.12% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$72,663
LOAN DETAILS
$877
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $63,125 |
| Loan Amount | $189,375 |
9.67
YEARS SAVED
$35,804
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,770
LIST RENT -
$0.74
LIST RENT PER SQFT
-
$1,806
COMP ESTIMATED VALUE -
$0.76
COMP AVG. RENT PER SQFT
Comps Range
-
201 Werninger Court Greer, SC 4
- 3 beds 3 baths ∙ 2,376 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,376 Sqft ∙ Built 2016
- Rent
- Rent Per SQFT
- $1,770
- $0.74
-
116 Slate Lane Greer, SC 1
- 3 beds 3 baths ∙ 2,040 Sqft ∙ Built 3 beds 3 baths ∙ 2,040 Sqft ∙ Built
LEASED 11/26/19- Rent
- Rent Per SQFT
- $1,575
- $0.77
-
203 Knoll Ridge Drive Greer, SC 2
- 4 beds 3 baths ∙ 2,155 Sqft ∙ Built 4 beds 3 baths ∙ 2,155 Sqft ∙ Built
LEASED 10/05/20- Rent
- Rent Per SQFT
- $1,650
- $0.77
-
4 Parkwalk Drive Greer, SC 3
- 4 beds 3 baths ∙ 2,216 Sqft ∙ Built 4 beds 3 baths ∙ 2,216 Sqft ∙ Built
LEASED 06/30/20- Rent
- Rent Per SQFT
- $1,750
- $0.79
-
102 Keelin Lane Greer, SC 5
- 4 beds 3 baths ∙ 2,512 Sqft ∙ Built 4 beds 3 baths ∙ 2,512 Sqft ∙ Built
LEASED 04/03/20- Rent
- Rent Per SQFT
- $1,795
- $0.71
PROPERTY LISTING DETAILS
1.864.590.4441
Bhhs C Dan Joyner - Pelham
1.866.250.5610
Homeunion SC LLC
21064
MLS #: 1435733
Last Updated: 01/22/2021
