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PROPERTY INFO
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!
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PRICE & RENT TRENDS
Zip Code: 29617
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 29617
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$45,500
LOAN DETAILS
$553
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $37,500 |
| Loan Amount | $112,500 |
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
-
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
1.864.607.6300
Coldwell Banker Caine/williams
1.866.250.5610
Homeunion SC LLC
21064
MLS #: 1432971
Last Updated: 12/04/2020
