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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.
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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 | $1,370 |
| 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
| 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
$69,350
LOAN DETAILS
$886
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $60,000 |
| Loan Amount | $180,000 |
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
-
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
-
210 Montis Drive Greenville, SC 1
- 3 beds 2 baths ∙ 1,592 Sqft ∙ Built 3 beds 2 baths ∙ 1,592 Sqft ∙ Built
LEASED 12/10/19- Rent
- Rent Per SQFT
- $1,315
- $0.83
-
25 Watkins Bridge Road Greenville, SC 2
- 3 beds 2 baths ∙ 1,431 Sqft ∙ Built 3 beds 2 baths ∙ 1,431 Sqft ∙ Built
LEASED 06/12/19- Rent
- Rent Per SQFT
- $1,350
- $0.94
PROPERTY LISTING DETAILS
1.864.680.0202
Keller Williams Grv Upst
1.866.250.5610
Homeunion SC LLC
21064
MLS #: 1430288
Last Updated: 11/28/2020
