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215 Marehaven Court Piedmont, SC 29673

4 Beds 3 Baths - sqft Built 2014

$288,000

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $108.27
  • 4 Days on Market
  • MLS # : 1432863
  • Updated Date : 12/04/2020 at 16:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : '-'
  • Baths : 2 full , 1 half
Listing Agent

Bhhs C Dan Joyner - Simp

Listing Agent's Description

WOW! WOW! This home will get your attention....and fast! 6 year old home that looks and feels BRAND NEW!  Highly sought after neighborhood and great location, The Farm at Sandy Springs!  Over 2600 square feet all one level home.  A really hard find...not to mention over half acre backs to part of a 42 acre common space. Incredible open floor plan!  Great curb appeal with the brick , vinyl and shaker mix.  Nice drive with a sidewalk and an oversized front porch to chill out in the morning for a cup of JOE.  As soon as you enter....it's like WOW.  Very very spacious.  On your right is a study with french doors and a closet.  Could be changed to solid doors and turned into a bedroom.  Just down past study is a powder room.  To  the left is a large living room with a bayed window.  Dining room is spacious with hardwood floors.  The Great room is very spacious with vaulted ceiling and a great space for sure wired for TV above the gas fireplace with a mantle .The kitchen is a dream very open with lots of beautiful; cabinets.  It has granite counters , tile backsplash, under counter lighting and a beautiful island.  The black GE appliances stay with the home.  Canned lights and pendant lights add to the upscale and modern kitchen, and let's not forget the pantry!   Great breakfast room with lots of windows to look out into the spectacular backyard when enjoying lunch.  The master suite is very spacious with vaulted ceiling and ceiling fan.  There is a huge walk-in closet and the bathroom is just awesome. separate garden tub and spacious shower, water closet, linen closet and double vanity.   Other side of the house has two more bedrooms with a full hall bath.  There is a walk-in laundry room that goes out to a garage which has had the floor epoxy.  Out in the backyard is a dream.  Huge oversized covered porch, you could easily screen in half and use the other as a grilling patio .  The yard has beautiful trees along the edge of property and the neighborhood owns land past this property so no fear of the future and what could be.  The neighborhood itself had 87 acres of common space all homes are at least 1/2 acre and none back to another. Brilliant layout.  The neighborhood has one of the best pools and playground, very well taken care of.  There is even a walking trail near this home to get to the other side where the pool is located and you can stay off the main road.  Other quick notes the roof was replaced in 2019 , Pet and Smoke Free and the home has an in

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PRICE & RENT TRENDS

Zip Code: 29673

ZipNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160kPrice in $64k169k

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

Zip Code: 29673

ZipNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250Rent in $8011292

* 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
Sue Cleveland Elementary School Primary Regular 631 41 5
Woodmont Middle School Middle Regular 628 38 6
Woodmont High School High Regular 1,801 89 6

Sue Cleveland Elementary School

  • Education Level: Primary
  • # of students: 631
  • # of teachers: 41
5
GreatSchools Rating

Woodmont Middle School

  • Education Level: Middle
  • # of students: 628
  • # of teachers: 38
6
GreatSchools Rating

Woodmont High School

  • Education Level: High
  • # of students: 1,801
  • # of teachers: 89
6
GreatSchools Rating
 

$259,200$316,800$288,000

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$1,063
Property Tax -$359
Property Insurance -$76
Property Management Fees -$136
CASH FLOW
$67

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.

$288,000

PROJECTED PRICE

$1,700

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.16%
Appreciation Year (1-5) 3.7%
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$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,070

INVESTMENT

$82,070

Down Payment
$72,000
Rehab Estimate
$5,750
Closing Costs
$4,320

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,063

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,000
Loan Amount $216,000
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$19,429

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • $1,729

    COMP ESTIMATED VALUE
  • $0.65

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,700
$1,700
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 215 Marehaven Court Piedmont, SC 2
    • 4 beds 3 baths ∙ 2,660 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,660 Sqft ∙ Built 2014
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.64
    •  
  • 137 Bellemere Place Piedmont, SC 1
    • 3 beds 4 baths ∙ 2,464 Sqft ∙ Built 3 beds 4 baths ∙ 2,464 Sqft ∙ Built
    property image
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.65
    •  
PROPERTY LISTING DETAILS
Brian Welborn
1.864.325.8715
Bhhs C Dan Joyner - Simp
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1432863
Last Updated: 12/04/2020
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