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232 Creekside Way Easley, SC 29642

3 Beds 3 Baths - sqft Built 2014

$219,500

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2014
  • Price/Sqft : $118.91
  • 2 Days on Market
  • MLS # : 1430849
  • Updated Date : 11/02/2020 at 16:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 2 full , 1 half
Listing Agent

Allen Tate Company - Easley

Listing Agent's Description

Immaculate!! Spacious!! Open floor plan! Granite in the kitchen!! Morning room/Sunroom! Large yard! Love to entertain? This lovely home is perfect!! All bedrooms upstairs for the growing family! Neighborhood amenities include pool & playground! Don't wait!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 29642

ZipNIR Market*CityMarket2010Year2000201980k90k100k110k120k130k140k150k160k170k180kPrice in $79k183k

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

Zip Code: 29642

ZipNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9171838

* 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
Forest Acres Elementary School Primary Regular 710 43 8
Richard H. Gettys Middle School Middle Regular 1,316 73 6
Easley High School High Regular 1,807 89 4

Forest Acres Elementary School

  • Education Level: Primary
  • # of students: 710
  • # of teachers: 43
8
GreatSchools Rating

Richard H. Gettys Middle School

  • Education Level: Middle
  • # of students: 1,316
  • # of teachers: 73
6
GreatSchools Rating

Easley High School

  • Education Level: High
  • # of students: 1,807
  • # of teachers: 89
4
GreatSchools Rating
 

$197,550$241,450$219,500

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$810
Property Tax -$246
Property Insurance -$61
Property Management Fees -$122
CASH FLOW
$290

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.

$219,500

PROJECTED PRICE

$1,530

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.16%
Appreciation Year (1-5) 3.8%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$63,918

INVESTMENT

$63,918

Down Payment
$54,875
Rehab Estimate
$5,750
Closing Costs
$3,293

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$810

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $54,875
Loan Amount $164,625
See What Happens When You Reinvest Cash Flow

11.08

YEARS SAVED

$42,693

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,551

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4953$1,530
$1,530
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 232 Creekside Way Easley, SC 3
    • 3 beds 3 baths ∙ 1,846 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,846 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.83
    •  
  • 529 Kingsman Lane Easley, SC 1
    • 3 beds 2 baths ∙ 1,572 Sqft ∙ Built 3 beds 2 baths ∙ 1,572 Sqft ∙ Built
    LEASED 10/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.86
    •  
  • 369 Hamilton Parkway Easley, SC 2
    • 4 beds 2 baths ∙ 1,834 Sqft ∙ Built 4 beds 2 baths ∙ 1,834 Sqft ∙ Built
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.82
    •  
PROPERTY LISTING DETAILS
Melissa Hall
1.864.380.4078
Allen Tate Company - Easley
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1430849
Last Updated: 11/02/2020
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