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316 Langston Drive Greenville, SC 29617

3 Beds 1 Baths - sqft Built 1963

$150,000

List Price

$1,170

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $128.98
  • 3 Days on Market
  • MLS # : 1432971
  • Updated Date : 12/04/2020 at 21:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 1 full
Listing Agent

Coldwell Banker Caine/williams

Listing Agent's Description

Don't miss this charming 3 bedroom, 1 bathroom home with hardwood floors, updated bathroom, large fenced backyard and so much more! This home is just 10 minutes to downtown and 2 minutes to Cherrydale Shopping Center. The master bedroom features a walk in closet, there's ample space in the kitchen and a shed in the backyard. This one won't last long!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 29617

ZipNIR Market*CityMarket2010Year2000201960k70k80k90k100k110k120k130k140k150k160k170k180kPrice in $59k190k

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

Zip Code: 29617

ZipNIR Market*CityMarket2010Year20002019 Q275080085090095010001050110011501200125013001350Rent in $7381383

* 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
Duncan Chapel Elementary School Primary Regular 679 42 6
Lakeview Middle School Middle Regular 533 34 2
Berea High School High Regular 1,091 66 5

Duncan Chapel Elementary School

  • Education Level: Primary
  • # of students: 679
  • # of teachers: 42
6
GreatSchools Rating

Lakeview Middle School

  • Education Level: Middle
  • # of students: 533
  • # of teachers: 34
2
GreatSchools Rating

Berea High School

  • Education Level: High
  • # of students: 1,091
  • # of teachers: 66
5
GreatSchools Rating
 

$135,000$165,000$150,000

PURCHASE PRICE

$1,053$1,287$1,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,170
EXPENSES Loan Payment -$553
Property Tax -$277
Property Insurance -$49
Property Management Fees -$94
CASH FLOW
$197

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.

$150,000

PROJECTED PRICE

$1,170

PROJECTED RENT

0.78%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.48%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$45,500

INVESTMENT

$45,500

Down Payment
$37,500
Rehab Estimate
$5,750
Closing Costs
$2,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$553

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $37,500
Loan Amount $112,500
See What Happens When You Reinvest Cash Flow

10.08

YEARS SAVED

$26,031

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,170

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,170
1$1,170
$1,170
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 316 Langston Drive Greenville, SC
    • 3 beds 1 baths ∙ 1,163 Sqft ∙ Built 1963 3 beds 1 baths ∙ 1,163 Sqft ∙ Built 1963
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,170
    • $1.01
    •  
PROPERTY LISTING DETAILS
Julie Fowler
1.864.607.6300
Coldwell Banker Caine/williams
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1432971
Last Updated: 12/04/2020
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