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306 Kylemore Lane Greer, SC 29650

4 Beds 3 Baths - sqft Built 2007

$269,900

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $114.90
  • 6 Days on Market
  • MLS # : 1434561
  • Updated Date : 01/05/2021 at 21:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : '-'
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Greenville Cen

Listing Agent's Description

Well maintained two story home right where you want to be!! Zoned for Riverside Schools, just minutes from Pelham Rd and 85. Inside you will love the hardwoods and two story foyer. The living room is on the right, but would be the perfect home office or den. The dining room is large enough for entertaining or could be used as a play area since it is open into the kitchen featuring a pantry closet, center island, stylish black appliances, and eat in area, and a window overlooking the gorgeous back yard. The great room has a gas log fireplace for cozy movie nights. Also on this level is a half bath for your convenience. Upstairs all the carpet is new. The huge master bedroom has a sitting area that could be used as a home office, work out space or a reading spot. It also has a full bath with double sinks, two walk in closets, a spa like soaking tub and a separate shower. There are three additional bedrooms and a full bath on this level along with the laundry. Let me tell you about your favorite spot. Check out the amazing screened in porch overlooking the park like back yard with irrigation and a play house. This home is at the end of a culdesac and has a good bit of privacy. You have got to see this one before it gets away!!

SEE MORE

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

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Brushy Creek Elementary School Primary Regular 901 51 10
Riverside Middle School Middle Regular 1,130 63 10
Riverside High School High Regular 1,646 82 7

Brushy Creek Elementary School

  • Education Level: Primary
  • # of students: 901
  • # of teachers: 51
10
GreatSchools Rating

Riverside Middle School

  • Education Level: Middle
  • # of students: 1,130
  • # of teachers: 63
10
GreatSchools Rating

Riverside High School

  • Education Level: High
  • # of students: 1,646
  • # of teachers: 82
7
GreatSchools Rating
 

$242,910$296,890$269,900

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$937
Property Tax -$394
Property Insurance -$70
Property Management Fees -$143
CASH FLOW
$245

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.

$269,900

PROJECTED PRICE

$1,790

PROJECTED RENT

0.66%

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$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,274

INVESTMENT

$77,274

Down Payment
$67,475
Rehab Estimate
$5,750
Closing Costs
$4,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$937

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,475
Loan Amount $202,425
See What Happens When You Reinvest Cash Flow

9.08

YEARS SAVED

$33,596

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,824

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,575
1$1,5752$1,6503$1,7504$1,790
$1,790
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 306 Kylemore Lane Greer, SC 4
    • 4 beds 3 baths ∙ 2,349 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,349 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.76
    •  
  • 116 Slate Lane Greer, SC 1
    • 3 beds 3 baths ∙ 2,040 Sqft ∙ Built 3 beds 3 baths ∙ 2,040 Sqft ∙ Built
    property image
    LEASED 11/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.77
    •  
  • 203 Knoll Ridge Drive Greer, SC 2
    • 4 beds 3 baths ∙ 2,155 Sqft ∙ Built 4 beds 3 baths ∙ 2,155 Sqft ∙ Built
    property image
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.77
    •  
  • 4 Parkwalk Drive Greer, SC 3
    • 4 beds 3 baths ∙ 2,216 Sqft ∙ Built 4 beds 3 baths ∙ 2,216 Sqft ∙ Built
    property image
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.79
    •  
PROPERTY LISTING DETAILS
Connie Rice
1.864.270.8707
Keller Williams Greenville Cen
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1434561
Last Updated: 01/05/2021
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