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311 Whixley Lane Greenville, SC 29607

4 Beds 3 Baths - sqft Built 2002

INVESTimate

$244,000

List Price

$1,740

$1,566 - $1,914

Rent Est.

$260,860  ( +6.91%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $104.72
  • 8 Days on Market
  • MLS # : 1425314
  • Updated Date : 08/19/2020 at 11:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : '-'
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Caine/williams

Listing Agent's Description

Wonderful 4BR/2.5BA home in sought-after Tanner Mill. Super private backyard with no backyard neighbors in sight. This welcoming open floorplan cater to entertaining friends or quiet family gatherings. The front foyer is flanked with a large home office on one side and dining room on the other. Kitchen appliances are all stainless (stove/oven is brand new) and countertops are granite. Ample counter space and cabinetry---perfect for any size family. Oversized laundry room is just off kitchen hallway. Shelving/storage galore! Half bath just off of family room. New carpet thruout upstairs. Gorgeous brand new flooring in upstairs baths. The 18x13 master BR is a true retreat from a busy day. Large master bath has dual vanities, tub and separate shower, and huge walk in closet. Secondary bedrooms share the hall bath. 4th BR can easily be used as a bonus room. Outside is a tiered deck overlooking private, fenced backyard. Hot tub is not operational therefore seller does not warrant. Irrigation system, gas logs, and hot tub are all sold “as-is”. Seller providing a First American Home Warranty for a year for buyer. A $524 value. Hot water heater and upstairs AC recently replaced.

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PRICE & RENT TRENDS

Zip Code: 29607

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $85k240k

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

Zip Code: 29607

ZipNIR Market*CityMarket2010Year20002019 Q28009001000110012001300140015001600Rent in $7911653

* 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
Mauldin Elementary School Primary Regular 909 53 6
Mauldin Middle School Middle Regular 1,090 65 8
Mauldin High School High Regular 2,240 108 8

Mauldin Elementary School

  • Education Level: Primary
  • # of students: 909
  • # of teachers: 53
6
GreatSchools Rating

Mauldin Middle School

  • Education Level: Middle
  • # of students: 1,090
  • # of teachers: 65
8
GreatSchools Rating

Mauldin High School

  • Education Level: High
  • # of students: 2,240
  • # of teachers: 108
8
GreatSchools Rating
 

$219,600$268,400$244,000

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$900
Property Tax -$314
Property Insurance -$70
Property Management Fees -$139
CASH FLOW
$317

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.

$244,000

PROJECTED PRICE

$1,740

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.42%
Appreciation Year (1-5) 6.91%
Maintenance Year (1-5) 8.00%
Vacancy 6.12%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,410

INVESTMENT

$70,410

Down Payment
$61,000
Rehab Estimate
$5,750
Closing Costs
$3,660

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$900

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $61,000
Loan Amount $183,000
See What Happens When You Reinvest Cash Flow

11.17

YEARS SAVED

$48,139

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,753

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6003$1,7404$1,7505$1,950
$1,950
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 311 Whixley Lane Greenville, 3
    • 4 beds 3 baths ∙ 2,330 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,330 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.75
    •  
  • 10 Canso Street Greenville, 1
    • 4 beds 3 baths ∙ 2,220 Sqft ∙ Built 4 beds 3 baths ∙ 2,220 Sqft ∙ Built
    property image
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.72
    •  
  • 323 Whixley Lane Greenville, 2
    • 4 beds 3 baths ∙ 2,246 Sqft ∙ Built 4 beds 3 baths ∙ 2,246 Sqft ∙ Built
    property image
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.71
    •  
  • 111 Shairpin Lane Greenville, 4
    • 4 beds 3 baths ∙ 2,251 Sqft ∙ Built 4 beds 3 baths ∙ 2,251 Sqft ∙ Built
    property image
    LEASED 05/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.78
    •  
  • 307 Surrywood Drive Greenville, 5
    • 4 beds 3 baths ∙ 2,436 Sqft ∙ Built 4 beds 3 baths ∙ 2,436 Sqft ∙ Built
    property image
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.80
    •  
PROPERTY LISTING DETAILS
Jennifer Wilson
1.864.907.5920
Coldwell Banker Caine/williams
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1425314
Last Updated: 08/19/2020
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