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4 Windmill Drive Wellford, SC 29385

3 Beds 2 Baths - sqft Built 1981

$132,900

List Price

$890

$801 - $979

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1981
  • Price/Sqft : $126.57
  • 5 Days on Market
  • MLS # : 1430747
  • Updated Date : 10/30/2020 at 19:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 1 full , 1 half
Listing Agent

Better Homes & Gardens Young &

Listing Agent's Description

Schedule your showing NOW! This home will be gone in hours. Move in ready, Adorable 3 Bedroom, 1.5 Bath, located in District 5. Priced to sell!! This adorable home features, fresh paint throughout, updated kitchen including new stove, counter top and sink. Over size living area, new flooring, updated bathrooms, nice yard, ample parking and more. Home was a rental and is being offered “As Is”. Call today to schedule your showing.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 29385

ZipNIR Market*CityMarket2010Year2000201960k70k80k90k100k110k120k130k140kPrice in $53k149k

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

Zip Code: 29385

ZipNIR Market*CityMarket2010Year20002019 Q2600700800900100011001200Rent in $5141261

* 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
Berry Shoals Intermediate School Primary Regular 575 42 8
Berry Shoals Intermediate School Middle Regular 575 42 8
James F. Byrnes Freshman Academy High Regular 608 32 7

Berry Shoals Intermediate School

  • Education Level: Primary
  • # of students: 575
  • # of teachers: 42
8
GreatSchools Rating

Berry Shoals Intermediate School

  • Education Level: Middle
  • # of students: 575
  • # of teachers: 42
8
GreatSchools Rating

James F. Byrnes Freshman Academy

  • Education Level: High
  • # of students: 608
  • # of teachers: 32
7
GreatSchools Rating
 

$119,610$146,190$132,900

PURCHASE PRICE

$801$979$890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $890
EXPENSES Loan Payment -$490
Property Tax -$230
Property Insurance -$46
Property Management Fees -$71
CASH FLOW
$52

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$132,900

PROJECTED PRICE

$890

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.52%
Appreciation Year (1-5) 4.4%
Maintenance Year (1-5) 8.00%
Vacancy 7.90%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$50k$100k$150k$200k$250k$300k$350k$400k

PROJECTED ANNUAL CASH FLOW

11530-$1.0k$0.0$1.0k$2.0k$3.0k$4.0k$5.0k$6.0k$7.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$50k$100k$150k$200k$250k$300k$350k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$40,969

INVESTMENT

$40,969

Down Payment
$33,225
Rehab Estimate
$5,750
Closing Costs
$1,994

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$490

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $33,225
Loan Amount $99,675
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$8,996

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $890

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $914

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$890
1$8902$895
$895
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 4 Windmill Drive Wellford, SC 1
    • 3 beds 2 baths ∙ 1,050 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,050 Sqft ∙ Built 1981
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $890
    • $0.85
    •  
  • 198 Knighton Drive Wellford, SC 2
    • 3 beds 2 baths ∙ 1,025 Sqft ∙ Built 3 beds 2 baths ∙ 1,025 Sqft ∙ Built
    property image
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $895
    • $0.87
    •  
PROPERTY LISTING DETAILS
Lisa Cato
1.864.590.2703
Better Homes & Gardens Young &
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1430747
Last Updated: 10/30/2020
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