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206 Hillside Drive Greer, SC 29651

3 Beds 2 Baths - sqft Built 1968

$216,900

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1968
  • Price/Sqft : $119.37
  • 4 Days on Market
  • MLS # : 1437177
  • Updated Date : 02/12/2021 at 14:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 2 full
Listing Agent

Keller Williams Grv Upst

Listing Agent's Description

**Multiple offers are in, please send Highest and Best offers by Saturday, Feb. 13th, 2021 at 6 PM. Seller will decide within 24 hours after deadline.** Classy brick home in Greer! What an amazing location for someone who wants to be in an established community with no Home Owners Association, and just a stone's throw from Wade Hampton Boulevard! Immaculately maintained by the same owner since the 1960s! Roof is approximately 1-2 years old, per seller. Be the envy of all the street with your beautiful Zoysia grass! Original hardwoods throughout most of the home (some covered in carpet). Large, “L shaped” living room and a den off the rear of the home with pretty beams! Kitchen has a bookshelf and desk area. Real wood was used throughout the home from the panelling, cabinetry, doors, and beams. Wood burning fireplace in room off of the kitchen that seller is currently using as a dining room. Cased opening into the den from the dining area allows for an open feeling! The large walk in laundry room will make doing laundry at home way easier! A screened room off the rear of the house allows you to overlook the private backyard. Seller has added a large concrete patio off the screened in porch. Level, park-like backyard. Highly sought out location with nice homes all around. Family friendly neighborhood where people still look out for each other! If you are not into today's cookie cutter or production built homes - come see this one. The pride of ownership shows, and you can tell this home was full of love and family!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 29651

ZipNIR Market*CityMarket2010Year2000201980k90k100k110k120k130k140k150k160k170k180k190k200k210kPrice in $79k217k

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

Zip Code: 29651

ZipNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9171558

* 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.
 

$195,210$238,590$216,900

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$753
Property Tax -$337
Property Insurance -$60
Property Management Fees -$118
CASH FLOW
$211

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$216,900

PROJECTED PRICE

$1,480

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.16%
Appreciation Year (1-5) 4.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.54%
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

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$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$63,229

INVESTMENT

$63,229

Down Payment
$54,225
Rehab Estimate
$5,750
Closing Costs
$3,254

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$753

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $54,225
Loan Amount $162,675
See What Happens When You Reinvest Cash Flow

8.58

YEARS SAVED

$25,768

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,587

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,480
1$1,4802$1,4953$1,5204$1,550
$1,550
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 206 Hillside Drive Greer, SC 1
    • 3 beds 2 baths ∙ 1,817 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,817 Sqft ∙ Built 1968
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $0.81
    •  
  • 208 Clay Thorn Court Simpsonville, SC 2
    • 3 beds 2 baths ∙ 1,838 Sqft ∙ Built 3 beds 2 baths ∙ 1,838 Sqft ∙ Built
    LEASED 11/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.81
    •  
  • 200 Hartwood Lake Lane Greer, SC 3
    • 3 beds 2 baths ∙ 1,561 Sqft ∙ Built 3 beds 2 baths ∙ 1,561 Sqft ∙ Built
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $0.97
    •  
  • 108 Ashby Cross Court Greer, SC 4
    • 4 beds 3 baths ∙ 1,850 Sqft ∙ Built 4 beds 3 baths ∙ 1,850 Sqft ∙ Built
    LEASED 10/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.84
    •  
PROPERTY LISTING DETAILS
Sandy Clayton
1.864.205.6744
Keller Williams Grv Upst
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1437177
Last Updated: 02/12/2021
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