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4206 Old Buncombe Road Greenville, SC 29617

3 Beds 2 Baths - sqft Built 1973

$240,000

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $146.43
  • 38 Days on Market
  • MLS # : 1430288
  • Updated Date : 11/28/2020 at 16:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 2 full
Listing Agent

Keller Williams Grv Upst

Listing Agent's Description

Just improved Price to $250,000!!!!!Incredible opportunity to live near downtown Greenville in a remodeled brick ranch home! Take advantage of the growth of downtown in this area, and purchase this three bedroom, two full bath home. Careful attention was paid to the flooring, paint, and appliances. The bathrooms were enlarged and updated as well. New light fixtures, newer roof, and an incredible fenced in backyard with large patio space. This all brick home recently had all popcorn ceilings removed, and the exterior painted as well. Plus, a great 2 car attached garage!!! Brand new waterproofed crawl space as well. Close by is the county owned park with walking track, playground, and dog play area. Sidewalks run all the way to the park for ease of strolling or walking the dog. Other venues close to this home are the Swamp Rabbit Trail, Swamp Rabbit Grocery and the new rage of this area, The Hampton Station! This outdoor destination features food, drink, outdoor games, and locally owned businesses. If fresh produce is important, The Tomato Vine is just before this home. Plus, plus, plus, check, check, CHECK! Come soon and come quickly.

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
 

$216,000$264,000$240,000

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$886
Property Tax -$380
Property Insurance -$57
Property Management Fees -$110
CASH FLOW
-$62

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.

$240,000

PROJECTED PRICE

$1,370

PROJECTED RENT

0.57%

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$700k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,350

INVESTMENT

$69,350

Down Payment
$60,000
Rehab Estimate
$5,750
Closing Costs
$3,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$886

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $60,000
Loan Amount $180,000
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$5,850

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,370

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,451

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,315
1$1,3152$1,3503$1,370
$1,370
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 4206 Old Buncombe Road Greenville, SC 3
    • 3 beds 2 baths ∙ 1,639 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,639 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $0.84
    •  
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    • 3 beds 2 baths ∙ 1,592 Sqft ∙ Built 3 beds 2 baths ∙ 1,592 Sqft ∙ Built
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    • Rent Per SQFT
    •  
    • $1,315
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    • 3 beds 2 baths ∙ 1,431 Sqft ∙ Built 3 beds 2 baths ∙ 1,431 Sqft ∙ Built
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    • Rent
    • Rent Per SQFT
    •  
    • $1,350
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PROPERTY LISTING DETAILS
Kim Stroud
1.864.680.0202
Keller Williams Grv Upst
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1430288
Last Updated: 11/28/2020
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