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220 Barry Drive Greer, SC 29650

3 Beds 2 Baths - sqft Built 1964

$250,000

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

February 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $91.74
  • 6 Days on Market
  • MLS # : 1436487
  • Updated Date : 02/03/2021 at 17:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 2 full
Listing Agent

Re/max Moves Greer

Listing Agent's Description

This will maintained traditional brick ranch home is situated on a .46 acre lot and conveniently located in a highly sought after school districts in Greenville County. New architectural roof within the last three years. The floor plan has plenty of space with two bedrooms, two full ceramic tile bathrooms, a large kitchen, dining area, living room, and office/bonus on the main level. Downstairs in the walkout basement there is plenty of finished space, including a third bedroom and a foyer area. The 700+ SF unfinished portion of the basement has the heat pump, water heater and newly installed sump pump and French drain below the floor(June 11, 2020). This space great for home gym, work space or could be finished for a media room or living space. There is plenty of natural light with a large window overlooking the back yard. The long garage has plenty of room for a vehicle, tool storage, and a workshop if needed. There is a underground sprinkler system in the front yard.

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PRICE & RENT TRENDS

Zip Code: 29650

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $85k260k

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

Zip Code: 29650

ZipNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600Rent in $9171690

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$868
Property Tax -$351
Property Insurance -$77
Property Management Fees -$130
CASH FLOW
$194

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$250,000

PROJECTED PRICE

$1,620

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.42%
Appreciation Year (1-5) 3.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.12%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

8.25

YEARS SAVED

$27,578

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $0.59

    LIST RENT PER SQFT
  • $1,989

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,620
1$1,6202$1,8003$1,8954$2,300
$2,300
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 220 Barry Drive Greer, SC 1
    • 3 beds 2 baths ∙ 2,725 Sqft ∙ Built 1964 3 beds 2 baths ∙ 2,725 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.59
    •  
  • 204 Hartsdale Lane Greer, SC 2
    • 4 beds 3 baths ∙ 2,555 Sqft ∙ Built 4 beds 3 baths ∙ 2,555 Sqft ∙ Built
    LEASED 01/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.70
    •  
  • 108 Planterswood Court Greenville, SC 3
    • 4 beds 2 baths ∙ 2,839 Sqft ∙ Built 4 beds 2 baths ∙ 2,839 Sqft ∙ Built
    LEASED 08/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.67
    •  
  • 6 Loquat Court Greer, SC 4
    • 4 beds 3 baths ∙ 2,814 Sqft ∙ Built 4 beds 3 baths ∙ 2,814 Sqft ∙ Built
    LEASED 03/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.82
    •  
PROPERTY LISTING DETAILS
William Roberts
1.864.449.8882
Re/max Moves Greer
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1436487
Last Updated: 02/03/2021
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