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204 E 3rd Avenue Easley, SC 29640

3 Beds 1 Baths - sqft Built 1956

$148,500

List Price

$1,130

$1K - $1.2K

Rent Est.

PROPERTY INFO

January 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1956
  • Price/Sqft : $103.99
  • 1 Days on Market
  • MLS # : 1434419
  • Updated Date : 01/03/2021 at 03:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 1 full
Listing Agent

Pro-show Realty

Listing Agent's Description

Do not miss out on your chance to own this adorable 3BR bungalow located in heart of Easley and only a short sidewalk stroll from the Historical Easley Downtown Area. This quaint gem of a home boasts custom built in shelving as well as a timeless decorative window in the living room. This home also has many desired updates in the kitchen and bathroom, and features vinyl tilt-out windows, six-panel doors, lovely hardwood floors, a picturesque circular driveway, covered porch and grilling deck, and a large fenced in backyard. An attached garage along with a large outbuilding provides all the storage you will need. Come see this one-of-a-kind home in person today!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 29640

ZipNIR Market*CityMarket2010Year2000201960k70k80k90k100k110k120k130k140k150k160k170kPrice in $59k177k

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

Zip Code: 29640

ZipNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7431702

* 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
East End Elementary School Primary Regular 715 37 7
Richard H. Gettys Middle School Middle Regular 1,316 73 6
Easley High School High Regular 1,807 89 4

East End Elementary School

  • Education Level: Primary
  • # of students: 715
  • # of teachers: 37
7
GreatSchools Rating

Richard H. Gettys Middle School

  • Education Level: Middle
  • # of students: 1,316
  • # of teachers: 73
6
GreatSchools Rating

Easley High School

  • Education Level: High
  • # of students: 1,807
  • # of teachers: 89
4
GreatSchools Rating
 

$133,650$163,350$148,500

PURCHASE PRICE

$1,017$1,243$1,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,130
EXPENSES Loan Payment -$548
Property Tax -$167
Property Insurance -$53
Property Management Fees -$90
CASH FLOW
$272

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.

$148,500

PROJECTED PRICE

$1,130

PROJECTED RENT

0.76%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.5%
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

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$50k$100k$150k$200k$250k$300k$350k$400k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$45,103

INVESTMENT

$45,103

Down Payment
$37,125
Rehab Estimate
$5,750
Closing Costs
$2,228

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$548

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $37,125
Loan Amount $111,375
See What Happens When You Reinvest Cash Flow

12.92

YEARS SAVED

$36,021

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,130

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,314

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,130
1$1,1302$1,400
$1,400
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 204 E 3rd Avenue Easley, SC 1
    • 3 beds 1 baths ∙ 1,428 Sqft ∙ Built 1956 3 beds 1 baths ∙ 1,428 Sqft ∙ Built 1956
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,130
    • $0.79
    •  
  • 106 Pope Field Road Easley, SC 2
    • 3 beds 2 baths ∙ 1,519 Sqft ∙ Built 3 beds 2 baths ∙ 1,519 Sqft ∙ Built
    property image
    LEASED 12/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.92
    •  
PROPERTY LISTING DETAILS
Michael Brown
1.864.540.8184
Pro-show Realty
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1434419
Last Updated: 01/03/2021
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