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210 Quartermaster Road Spartanburg, SC 29301

4 Beds 3 Baths - sqft Built 1968

INVESTimate

$154,900

List Price

$1,320

$1,188 - $1,452

Rent Est.

$160,616  ( +3.69%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1968
  • Price/Sqft : $87.27
  • 2 Days on Market
  • MLS # : 1425801
  • Updated Date : 08/25/2020 at 18:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : '-'
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Caine Real Est

Listing Agent's Description

Wadsworth Hills in District 6, Westside location close to I-26 and I-85. This home is so well maintained you will love it. It is a great home for the first-time buyer or move-up buyer needing more space. This home has beautiful refinished hardwood floors. There is a formal living room and eat-in kitchen on the main level. The kitchen newer built-in stainless appliances. The upper level has 3 large bedrooms and 1.5 baths. The baths have been renovated with new fixtures. The lower level has a huge family room/den, great mancave. There is a 4th bedroom on the lower level with a full bath and laundry room. This is a great floor plan for a live-in parent for college student. There is an oversized concrete driveway. The exterior is vinyl and brick and there are new vinyl tilt windows with lifetime warranty. This home is move-in ready with fresh paint, newer roof and so much more. $154,900. Don't let this home pass you by. Why pay rent when you can own your home for less?

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PRICE & RENT TRENDS

Zip Code: 29301

ZipNIR Market*CityMarket2010Year2000201960k70k80k90k100k110k120k130k140kPrice in $58k149k

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

Zip Code: 29301

ZipNIR Market*CityMarket2010Year20002019 Q2600650700750800850900950100010501100115012001250Rent in $5831261

* 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
Dorman High Freshman Campus High Regular 863 53 5
Dorman High School High Regular 2,381 126 3

Dorman High Freshman Campus

  • Education Level: High
  • # of students: 863
  • # of teachers: 53
5
GreatSchools Rating

Dorman High School

  • Education Level: High
  • # of students: 2,381
  • # of teachers: 126
3
GreatSchools Rating
 

$139,410$170,390$154,900

PURCHASE PRICE

$1,188$1,452$1,320

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,320
EXPENSES Loan Payment -$572
Property Tax -$352
Property Insurance -$60
Property Management Fees -$106
CASH FLOW
$231

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.

$154,900

PROJECTED PRICE

$1,320

PROJECTED RENT

0.85%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.52%
Appreciation Year (1-5) 3.69%
Maintenance Year (1-5) 8.00%
Vacancy 7.90%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$46,799

INVESTMENT

$46,799

Down Payment
$38,725
Rehab Estimate
$5,750
Closing Costs
$2,324

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$572

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $38,725
Loan Amount $116,175
See What Happens When You Reinvest Cash Flow

10.33

YEARS SAVED

$27,846

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,320

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,393

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,3203$1,395
$1,395
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 210 Quartermaster Road Spartanburg, 2
    • 4 beds 3 baths ∙ 1,775 Sqft ∙ Built 1968 4 beds 3 baths ∙ 1,775 Sqft ∙ Built 1968
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,320
    • $0.74
    •  
  • 125 Fieldstone Road Spartanburg, 1
    • 3 beds 2 baths ∙ 1,682 Sqft ∙ Built 3 beds 2 baths ∙ 1,682 Sqft ∙ Built
    property image
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.77
    •  
  • 409 Melbourne Lane Spartanburg, 3
    • 4 beds 3 baths ∙ 1,736 Sqft ∙ Built 4 beds 3 baths ∙ 1,736 Sqft ∙ Built
    property image
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.80
    •  
PROPERTY LISTING DETAILS
Rhonda Porter
1.864.316.3000
Coldwell Banker Caine Real Est
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1425801
Last Updated: 08/25/2020
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