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405 Bel Arbor Lane Mauldin, SC 29662

4 Beds 3 Baths - sqft Built 1998

$219,900

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $108.49
  • 2 Days on Market
  • MLS # : 1435343
  • Updated Date : 01/16/2021 at 17:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : '-'
  • Baths : 2 full , 1 half
Listing Agent

Century 21 Blackwell & Co. Rea

Listing Agent's Description

Come see this great home in a great subdivision and in a great location !!! You must see this 4 Bedroom 2,5 Bath with a spacious bonus room that has been freshly painting and carpet has been recently replaced throughout the house. You will be immediately impressed as you enter this house of the formal dining room with columns with a easy flow to the open family room kitchen combination. There is french doors to exit to the patio / back yard area. All bedrooms are located to the second level. The spacious master suite has a beautiful trey ceiling. The master bathroom features a garden tub, separate shower and large walk in closet. All other bedrooms are spacious and has easy access to the hall bathroom featuring tub/shower combination. This home have so much to offer. Don't miss out on the great opportunity to make this your home.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 29662

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $85k240k

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

Zip Code: 29662

ZipNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600Rent in $9171653

* 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
Greenbrier Elementary School Primary Regular 795 45 6
Hillcrest Middle School Middle Regular 1,001 55 8
Mauldin High School High Regular 2,240 108 8

Greenbrier Elementary School

  • Education Level: Primary
  • # of students: 795
  • # of teachers: 45
6
GreatSchools Rating

Hillcrest Middle School

  • Education Level: Middle
  • # of students: 1,001
  • # of teachers: 55
8
GreatSchools Rating

Mauldin High School

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

$197,910$241,890$219,900

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$764
Property Tax -$284
Property Insurance -$64
Property Management Fees -$132
CASH FLOW
$406

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.

$219,900

PROJECTED PRICE

$1,650

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.42%
Appreciation Year (1-5) 4.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.12%
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$800k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,024

INVESTMENT

$64,024

Down Payment
$54,975
Rehab Estimate
$5,750
Closing Costs
$3,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$764

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $54,975
Loan Amount $164,925
See What Happens When You Reinvest Cash Flow

13.33

YEARS SAVED

$47,166

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,622

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4953$1,4954$1,5505$1,650
$1,650
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 405 Bel Arbor Lane Mauldin, SC 5
    • 4 beds 3 baths ∙ 2,027 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,027 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.81
    •  
  • 412 Peach Grove Place Mauldin, SC 1
    • 3 beds 2 baths ∙ 1,718 Sqft ∙ Built 3 beds 2 baths ∙ 1,718 Sqft ∙ Built
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    • Rent Per SQFT
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    • $1,395
    • $0.81
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    • Rent Per SQFT
    •  
    • $1,495
    • $0.81
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  • 18 Appleton Lane Mauldin, SC 3
    • 3 beds 2 baths ∙ 1,868 Sqft ∙ Built 3 beds 2 baths ∙ 1,868 Sqft ∙ Built
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    • Rent Per SQFT
    •  
    • $1,495
    • $0.80
    •  
  • 28 Shale Court Greenville, SC 4
    • 3 beds 3 baths ∙ 1,992 Sqft ∙ Built 3 beds 3 baths ∙ 1,992 Sqft ∙ Built
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    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.78
    •  
PROPERTY LISTING DETAILS
Michael Jenkins
1.864.901.3435
Century 21 Blackwell & Co. Rea
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1435343
Last Updated: 01/16/2021
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