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217-a Longview Drive Williamston, SC 29697

3 Beds 2 Baths - sqft Built 2021

$184,521

List Price

$1,100

$990 - $1.2K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $140.11
  • 4 Days on Market
  • MLS # : 1436657
  • Updated Date : 02/04/2021 at 10:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 2 full
Listing Agent

Jackson Stanley Realtors

Listing Agent's Description

Here is your chance to own the "saluda" plan that has been so popular in this area! Don't even think about renting a place until you see this open and awesome floor plan! This home offers approx 1365 sq feet, split bedroom plan, open living with an island in the kitchen. So many special touches in this home like luxury vinyl flooring in kitchen & breakfast area. The bedrooms will have carpet and vinyl in baths and laundry, granite counters in kitchen with white soft close cabinets and drawers. The exterior offers a covered front stoop as well as a covered back patio to enjoy morning coffee or winding down at the end of a long day! This area offers great proximity to the Historical Mineral Spring Water Park in Williamston that hosts many events throughout the year for all residents! If you're are looking for a home that offers bells and whistles, you will want to see this one!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 29697

ZipNIR Market*CityMarket2010Year2000201960k70k80k90k100k110k120k130k140k150k160kPrice in $54k169k

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

Zip Code: 29697

ZipNIR Market*CityMarket2010Year20002019 Q270075080085090095010001050110011501200Rent in $6821243

* 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
Palmetto Elementary School Primary Regular 632 40 7
Palmetto Middle School Middle Regular 806 47 7
Palmetto High School High Regular 992 51 5

Palmetto Elementary School

  • Education Level: Primary
  • # of students: 632
  • # of teachers: 40
7
GreatSchools Rating

Palmetto Middle School

  • Education Level: Middle
  • # of students: 806
  • # of teachers: 47
7
GreatSchools Rating

Palmetto High School

  • Education Level: High
  • # of students: 992
  • # of teachers: 51
5
GreatSchools Rating
 

$166,069$202,973$184,521

PURCHASE PRICE

$990$1,210$1,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,100
EXPENSES Loan Payment -$641
Property Tax -$336
Property Insurance -$51
Property Management Fees -$88
CASH FLOW
-$16

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$184,521

PROJECTED PRICE

$1,100

PROJECTED RENT

0.60%

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) 3.00%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k-$1.0k$0.0$1.0k$2.0k$3.0k$4.0k$5.0k

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$50,898

INVESTMENT

$50,898

Down Payment
$46,130
Rehab Estimate
$2,000
Closing Costs
$2,768

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$641

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $46,130
Loan Amount $138,391
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$4,427

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,100

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,291

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,100
1$1,1002$1,100
$1,100
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 217-a Longview Drive Williamston, SC 2
    • 3 beds 2 baths ∙ 1,317 Sqft ∙ Built 2021 3 beds 2 baths ∙ 1,317 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.84
    •  
  • 7 Shaw Drive Williamston, SC 1
    • 3 beds 2 baths ∙ 1,122 Sqft ∙ Built 3 beds 2 baths ∙ 1,122 Sqft ∙ Built
    property image
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.98
    •  
PROPERTY LISTING DETAILS
Carolann Newton
1.864.617.5450
Jackson Stanley Realtors
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1436657
Last Updated: 02/04/2021
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