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208 Whispering Pines Drive Moore, SC 29369

3 Beds 2 Baths - sqft Built 1976

$205,000

List Price

$1,530

$1.4K - $1.7K

Rent Est.

$60,075

Investment Est.

AVAILABLE

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AVAILABLE

1 Year
(+3.7%)
1 YR. PROJ. APPRECIATION


Cap Rate	4.4%
Cash Flow	$2,856
Value Increase	$7,840

10 YEAR

Cash On Cash	1.7%
Total Return	10.8%

PROPERTY INFO

December 11, 2020 RECENTLY ADDED

FACTS

Single Family
Built In 1976
Price/Sqft : $109.80
3 Days on Market
MLS # : 1433397
Updated Date : 12/11/2020 at 16:05

CONSTRUCTION

Beds : 3
Floor Size : '-'
Baths : 2 full

Listing Agent

Better Homes & Gardens Young &

Listing Agent's Description

Welcome Home! Completely remodeled District 5 brick ranch on .57 acre level lot with INGROUND SALT WATER POOL, fenced yard, and an 18x20 detached garage/workshop!!! This open concept floor plan features new laminate flooring throughout the entire home, new kitchen cabinets, quartz countertops, new appliances including a gas range, completely updated bathrooms, large bedrooms, and a screen porch / Florida room with EZ Screen Porch Windows for year round use. As you enter the home from the rocking chair front porch you will find a versatile open living area that offers multiple setup options from formal dining to a possible home office configuration while still maintaining a huge 24x25 Great Room with a fireplace with gas logs. Overlooking the great room the kitchen is a stunner with beautiful counters and custom cabinets featuring double pantries. The backyard is a true paradise with an 18x30 salt water pool featuring a removeable 20x26 sunshade, large 12x28 deck, and a well maintained fenced yard. Located just 2 minutes from Publix and Ingles Grocery you will find plenty of food and shopping just down the street but you can also enjoy the best of both Greenville and Spartanburg dining and shopping districts with a short drive. This centrally located home is just a few minutes from interstate access, BMW Manufacturing, and GSP Airport. Other notable items include: Upgraded tilt out windows throughout, all new ductwork throughout, gas furnace replaced in 2018, architectural roof installed 2013, gas water heater installed 2017, variable speed pool pump with sand replaced in 2020. Schedule a tour of this great home today!

1 of 36 X

Zip Code: 29369

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

Zip Code: 29369

* 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
Berry Shoals Intermediate School	Primary	Regular	575	42	8
Berry Shoals Intermediate School	Middle	Regular	575	42	8
James F. Byrnes Freshman Academy	High	Regular	608	32	7

Berry Shoals Intermediate School

Education Level: Primary
# of students: 575
# of teachers: 42

GreatSchools Rating

Berry Shoals Intermediate School

Education Level: Middle
# of students: 575
# of teachers: 42

GreatSchools Rating

James F. Byrnes Freshman Academy

Education Level: High
# of students: 608
# of teachers: 32

GreatSchools Rating

FINANCIALS

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$184,500$225,50000$205,000

PURCHASE PRICE

$1,377$1,68300$1,530

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

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FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$1,530
EXPENSES	Loan Payment	-$756
	Property Tax	-$352
	Property Insurance	-$61
	Property Management Fees	-$122




CASH FLOW $238

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$205,000

PROJECTED PRICE

$1,530

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	3.52%
Appreciation Year (1-5)	3.7%
Maintenance Year (1-5)	8.00%
Vacancy	7.90%
Length of Stay Years	2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

Cash Flow
Appreciation
Principal

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

TOTAL CASH OUT OF POCKET

INVESTMENT

$60,075

Down Payment	$51,250
Rehab Estimate	$5,750
Closing Costs	$3,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$756

MONTHLY LOAN PAYMENT

30 yr

4.25%

25.00%

Down Payment

Term	30 Years
Interest	4.25%
Down Payment	$51,250
Loan Amount	$153,750

See What Happens When You Reinvest Cash Flow

9.42

YEARS SAVED

$32,059

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$1,530
LIST RENT
$0.82
LIST RENT PER SQFT

$1,774
COMP ESTIMATED VALUE
$0.95
COMP AVG. RENT PER SQFT

Comps Range

$1,530

1$1,5302$1,700

$1,700

RENT COMPS ANALYSIS

1,867
PROPERTY SQFT ^*
$0.95
AVG RENT PER SQFT
$1,774
ESTIMATED VALUE
$1,530
LIST RENT

* Sqft is provided from public sources

208 Whispering Pines Drive Moore, SC 2

3 beds 2 baths ∙ 1,867 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,867 Sqft ∙ Built 1976
Price

Price Per SQFT

$205,000

$109.80
218 Windsong Way Moore, SC 1

3 beds 3 baths ∙ 1,686 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,686 Sqft ∙ Built 1994
SOLD 06/15/20
Price

Price Per SQFT

$185,000

$109.73
418 Chamber Lane Moore, SC 3

3 beds 2 baths ∙ 1,865 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,865 Sqft ∙ Built 2001
SOLD 08/03/20
Price

Price Per SQFT

$209,900

$112.55
226 Greenridge Drive Moore, SC 4

3 beds 2 baths ∙ 1,764 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,764 Sqft ∙ Built 1984
SOLD 10/05/20
Price

Price Per SQFT

$215,000

$121.88
336 Wilkshire Loop Moore, SC 5

3 beds 2 baths ∙ 2,095 Sqft ∙ Built 1995 3 beds 2 baths ∙ 2,095 Sqft ∙ Built 1995
SOLD 06/29/20
Price

Price Per SQFT

$245,000

$116.95

208 Whispering Pines Drive Moore, SC 1

3 beds 2 baths ∙ 1,867 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,867 Sqft ∙ Built 1976
Rent

Rent Per SQFT

$1,530

$0.82
872 Bayshore Lane Moore, SC 2

3 beds 2 baths ∙ 1,790 Sqft ∙ Built 3 beds 2 baths ∙ 1,790 Sqft ∙ Built
LEASED 11/26/19
Rent

Rent Per SQFT

$1,700

$0.95

PROPERTY LISTING DETAILS

J. Ray Crotts
1.864.764.4121
Better Homes & Gardens Young &

Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064

( GGARMLS)
MLS #: 1433397
Last Updated: 12/11/2020

208 Whispering Pines Drive Moore, SC 29369

$205,000

$1,530

$60,075

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

PRICE & RENT TRENDS

SCHOOLS

Berry Shoals Intermediate School

Berry Shoals Intermediate School

James F. Byrnes Freshman Academy

FINANCIALS

$184,500$225,50000$205,000

$1,377$1,68300$1,530

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$205,000

$1,530

0.75%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$756

9.42

$32,059

$205,000

$109.8

$215,223

$115.28

COMPS RANGE

PRICE COMPS ANALYSIS

$1,530

$0.82

$1,774

$0.95

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS