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308 Cabot Hill Lane Greer, SC 29651

4 Beds 3 Baths - sqft Built 2018

$224,900

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $105.09
  • 2 Days on Market
  • MLS # : 1431737
  • Updated Date : 11/14/2020 at 14:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : '-'
  • Baths : 2 full , 1 half
Listing Agent

Allen Tate Co. - Greenville

Listing Agent's Description

Here is your chance to move in like NEW home ready for you and your family. Lightly used!!!!! Spacious back yard with Mountain views out the back! of every window. Enjoy sunsets off your patio! Nice 4 bedroom 2.5 bath home with large 2 car garage, and large master suite. Kitchen Is all you need with granite, like new stainless appliances, ceramic backsplash, recessed can lights and more. Beautiful resilient LVT flooring throughout main level. Dogs, kids, no problems! Nestled between Greenville, Spartanburg, BMW, and close to the mountains and the golf course is almost next door.

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

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Crestview Elementary School Primary Regular 644 37 6
Greer Middle School Middle Regular 957 57 6
Greer High School High Regular 1,172 61 6

Crestview Elementary School

  • Education Level: Primary
  • # of students: 644
  • # of teachers: 37
6
GreatSchools Rating

Greer Middle School

  • Education Level: Middle
  • # of students: 957
  • # of teachers: 57
6
GreatSchools Rating

Greer High School

  • Education Level: High
  • # of students: 1,172
  • # of teachers: 61
6
GreatSchools Rating
 

$202,410$247,390$224,900

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$830
Property Tax -$389
Property Insurance -$66
Property Management Fees -$130
CASH FLOW
$214

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.

$224,900

PROJECTED PRICE

$1,630

PROJECTED RENT

0.72%

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

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$65,349

INVESTMENT

$65,349

Down Payment
$56,225
Rehab Estimate
$5,750
Closing Costs
$3,374

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$830

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,225
Loan Amount $168,675
See What Happens When You Reinvest Cash Flow

8.42

YEARS SAVED

$29,972

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,766

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5503$1,630
$1,630
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 308 Cabot Hill Lane Greer, SC 3
    • 4 beds 3 baths ∙ 2,140 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,140 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $0.76
    •  
  • 208 Clay Thorn Court Simpsonville, SC 1
    • 3 beds 2 baths ∙ 1,838 Sqft ∙ Built 3 beds 2 baths ∙ 1,838 Sqft ∙ Built
    LEASED 11/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.81
    •  
  • 108 Ashby Cross Court Greer, SC 2
    • 4 beds 3 baths ∙ 1,850 Sqft ∙ Built 4 beds 3 baths ∙ 1,850 Sqft ∙ Built
    LEASED 10/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.84
    •  
PROPERTY LISTING DETAILS
John Neil
1.864.918.7129
Allen Tate Co. - Greenville
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1431737
Last Updated: 11/14/2020
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