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201 Werninger Court Greer, SC 29650

3 Beds 3 Baths - sqft Built 2016

$252,500

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
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!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 29650

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $85k260k

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

Zip Code: 29650

ZipNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600Rent in $9171690

* 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
Brushy Creek Elementary School Primary Regular 901 51 10
Riverside Middle School Middle Regular 1,130 63 10
Riverside High School High Regular 1,646 82 7

Brushy Creek Elementary School

  • Education Level: Primary
  • # of students: 901
  • # of teachers: 51
10
GreatSchools Rating

Riverside Middle School

  • Education Level: Middle
  • # of students: 1,130
  • # of teachers: 63
10
GreatSchools Rating

Riverside High School

  • Education Level: High
  • # of students: 1,646
  • # of teachers: 82
7
GreatSchools Rating
 

$227,250$277,750$252,500

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,663

INVESTMENT

$72,663

Down Payment
$63,125
Rehab Estimate
$5,750
Closing Costs
$3,788

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$877

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $63,125
Loan Amount $189,375
See What Happens When You Reinvest Cash Flow

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
$1,575
1$1,5752$1,6503$1,7504$1,7705$1,795
$1,795
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 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
Jennifer Van Gieson
1.864.590.4441
Bhhs C Dan Joyner - Pelham
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1435733
Last Updated: 01/22/2021
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