Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

205 Jasper Street Easley, SC 29640

3 Beds 2 Baths - sqft Built 1952

$220,000

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1952
  • Price/Sqft : $112.82
  • 3 Days on Market
  • MLS # : 1434830
  • Updated Date : 01/08/2021 at 23:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 2 full
Listing Agent

Community First Real Estate

Listing Agent's Description

Welcome to your new home! This home boasts character of days gone by with the conveniences of today. Situated on a level, partially fenced .75 acre lot in a well established neighborhood in the heart of Easley, it is close to all shopping, schools and the hospital. It has a great size kitchen and a large island with seating and storage. There is a spacious dining room, living room and flex space that would make a great playroom or office, but is now being used as a bedroom. The main level also has a bedroom, bathroom and laundry room. Upstairs you will find 2 generous sized bedrooms and the second bathroom. Over the last recent years it has had some important upgrades including new roof, sewer pipes, electrical service and weather head, deck, gas stove, garage door, along with a few cosmetic updates too. There is plenty of storage in the large detached metal shed and a one car garage with workshop. There's covered patio out back for entertaining or just relaxing after a long day. It's functional, comfortable and attractive...what more could you ask for in a home?! The seller is offering a one year home warranty with an acceptable offer. Call today to make your appointment for a private tour. The seller requests a 24 hour notice to show.

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
 

$198,000$242,000$220,000

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$764
Property Tax -$247
Property Insurance -$63
Property Management Fees -$118
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.

$220,000

PROJECTED PRICE

$1,470

PROJECTED RENT

0.67%

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$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$64,050

INVESTMENT

$64,050

Down Payment
$55,000
Rehab Estimate
$5,750
Closing Costs
$3,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$764

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $55,000
Loan Amount $165,000
See What Happens When You Reinvest Cash Flow

10.58

YEARS SAVED

$35,424

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,470

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,658

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,470
1$1,4702$1,550
$1,550
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 205 Jasper Street Easley, SC 1
    • 3 beds 2 baths ∙ 1,950 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,950 Sqft ∙ Built 1952
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $0.75
    •  
  • 121 Upward Way Easley, SC 2
    • 3 beds 3 baths ∙ 1,829 Sqft ∙ Built 3 beds 3 baths ∙ 1,829 Sqft ∙ Built
    property image
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.85
    •  
PROPERTY LISTING DETAILS
Jacquelyn Gamble
1.864.631.7487
Community First Real Estate
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1434830
Last Updated: 01/08/2021
BESbswy