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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.

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!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 29369

ZipNIR Market*CityMarket2010Year2000201960k70k80k90k100k110k120k130k140k150k160k170kPrice in $58k178k

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

Zip Code: 29369

ZipNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400Rent in $6031408

* 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
8
GreatSchools Rating

Berry Shoals Intermediate School

  • Education Level: Middle
  • # of students: 575
  • # of teachers: 42
8
GreatSchools Rating

James F. Byrnes Freshman Academy

  • Education Level: High
  • # of students: 608
  • # of teachers: 32
7
GreatSchools Rating
 

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

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

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
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$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$60,075

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
Term
4.25%
Interest
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
* Sqft is provided from public sources
  • 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
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