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3 Horse Shoe Circle Greenville, SC 29605

3 Beds 2 Baths - sqft Built 1960

$159,900

List Price

$1,200

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

December 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $138.20
  • 5 Days on Market
  • MLS # : 1434283
  • Updated Date : 01/02/2021 at 21:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 2 full
Listing Agent

Coldwell Banker Caine/williams

Listing Agent's Description

Check out this brick ranch charmer ready for you to call it home sweet home! This three bedroom/ two full bath home features granite countertops and updated cabinets, hardwood floors, new windows, and stainless steel appliances. Cozy up to the wood burning fireplace this winter. Enjoy the mature trees on the property while you relax on your front porch. Conveniently located to I-85, you won’t want to miss this one. The home is being sold As-Is.

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PRICE & RENT TRENDS

Zip Code: 29605

ZipNIR Market*CityMarket2010Year2000201980k90k100k110k120k130k140k150k160k170k180kPrice in $79k190k

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

Zip Code: 29605

ZipNIR Market*CityMarket2010Year20002019 Q270075080085090095010001050110011501200125013001350Rent in $6511383

* 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
Robert E. Cashion Elementary School Primary Regular 694 40 5
Hughes Academy Middle Magnet 848 48 6
Southside High School High Magnet 814 51 2

Robert E. Cashion Elementary School

  • Education Level: Primary
  • # of students: 694
  • # of teachers: 40
5
GreatSchools Rating

Hughes Academy

  • Education Level: Middle
  • # of students: 848
  • # of teachers: 48
6
GreatSchools Rating

Southside High School

  • Education Level: High
  • # of students: 814
  • # of teachers: 51
2
GreatSchools Rating
 

$143,910$175,890$159,900

PURCHASE PRICE

$1,080$1,320$1,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,200
EXPENSES Loan Payment -$590
Property Tax -$249
Property Insurance -$48
Property Management Fees -$96
CASH FLOW
$216

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.

$159,900

PROJECTED PRICE

$1,200

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.16%
Appreciation Year (1-5) 0.6%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$50k$100k$150k$200k$250k$300k$350k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$48,124

INVESTMENT

$48,124

Down Payment
$39,975
Rehab Estimate
$5,750
Closing Costs
$2,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$590

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $39,975
Loan Amount $119,925
See What Happens When You Reinvest Cash Flow

10.58

YEARS SAVED

$29,629

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,200

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,385

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$1,199
1$1,1992$1,2003$1,2954$1,300
$1,300
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 3 Horse Shoe Circle Greenville, SC 2
    • 3 beds 2 baths ∙ 1,157 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,157 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.04
    •  
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    • 3 beds 2 baths ∙ 1,128 Sqft ∙ Built 3 beds 2 baths ∙ 1,128 Sqft ∙ Built
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    • 3 beds 2 baths ∙ 1,116 Sqft ∙ Built 3 beds 2 baths ∙ 1,116 Sqft ∙ Built
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    • Rent Per SQFT
    •  
    • $1,295
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  • 5 Foxhall Road Greenville, SC 4
    • 3 beds 1 baths ∙ 952 Sqft ∙ Built 3 beds 1 baths ∙ 952 Sqft ∙ Built
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    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.37
    •  
PROPERTY LISTING DETAILS
Michelle Roberts
1.864.901.2215
Coldwell Banker Caine/williams
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1434283
Last Updated: 01/02/2021
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