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PROPERTY INFO
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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 29650
* 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.
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$72,000
LOAN DETAILS
$868
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $62,500 |
| Loan Amount | $187,500 |
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
-
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
1.864.449.8882
Re/max Moves Greer
1.866.250.5610
Homeunion SC LLC
21064
MLS #: 1436487
Last Updated: 02/03/2021
