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24 Red Quail Lane Greer, SC 29651

4 Beds 2 Baths - sqft Built 2001

$214,999

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $131.42
  • 2 Days on Market
  • MLS # : 1437373
  • Updated Date : 02/13/2021 at 17:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : '-'
  • Baths : 2 full
Listing Agent

Anne Marie Realty

Listing Agent's Description

Beautiful 4 bedroom 2 bath ranch home with attached 2 car garage that sits on a HALF-ACRE lot in the well sought after blue ridge school district! If you love to entertain or just sit on the porch and enjoy nature, this home is for you! This home is immaculate. There is a large deck over looking a spacious backyard with a pool. The home has security lights around the property and pool which includes a deck with electricity for music or entertainment or to simply charge your phone while relaxing in the pool. Solar lighting around the deck for evening or night time enjoyment. The large living area and high ceilings inside create an open air space for comfy living. This home even comes with a wrap-around parking area with patio, so that parking will never be an issue! This well kept home with backyard oasis will not last long. Get your showing today!!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 29651

ZipNIR Market*CityMarket2010Year2000201980k90k100k110k120k130k140k150k160k170k180k190k200k210kPrice in $79k217k

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

Zip Code: 29651

ZipNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9171558

* 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.
 

$193,499$236,499$214,999

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$747
Property Tax -$259
Property Insurance -$57
Property Management Fees -$118
CASH FLOW
$299

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.

$214,999

PROJECTED PRICE

$1,480

PROJECTED RENT

0.69%

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) 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

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$62,725

INVESTMENT

$62,725

Down Payment
$53,750
Rehab Estimate
$5,750
Closing Costs
$3,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$747

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $53,750
Loan Amount $161,249
See What Happens When You Reinvest Cash Flow

11.25

YEARS SAVED

$36,896

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,309

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,480
$1,480
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 24 Red Quail Lane Greer, SC 2
    • 4 beds 2 baths ∙ 1,636 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,636 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $0.90
    •  
  • 230 Barberry Lane Greenville, SC 1
    • 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 3 beds 2 baths ∙ 1,809 Sqft ∙ Built
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.80
    •  
PROPERTY LISTING DETAILS
Sean Sessions
1.864.505.4786
Anne Marie Realty
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1437373
Last Updated: 02/13/2021
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