Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

47 Templewood Drive Greenville, SC 29611

3 Beds 1 Baths - sqft Built 1955

$85,000

List Price

$1,070

$963 - $1.2K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1955
  • Price/Sqft : $66.51
  • 3 Days on Market
  • MLS # : 1431199
  • Updated Date : 11/06/2020 at 14:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 1 full
Listing Agent

Keller Williams Grv Upst

Listing Agent's Description

Welcome Home! This 3 bed/1 bath brick ranch home has all the charm of years gone by with all the indoor and outdoor space you need right now! The front porch offers enough room to relax and wave to your neighbors and leads the way into the bright Living Room. This room features a brick surround fireplace with beautiful mantle, detailed built in bookshelf and plenty of sunshine streaming in. As you move into the kitchen you will find a spacious dining area and tons of cabinet and counter space. And if you look in the corner of the dining area you will find the original phone cubby-such a treasure! Down the hall there are three bedrooms including the master. These bedrooms share a hall bath that is also accessible to guests. Throughout most of the home you will find gorgeous original hardwood floors in excellent condition! Off the kitchen is a covered patio that leads to the large, fenced in backyard. This yard is ready for family and friends, gardening and playing! Located close to downtown Greenville, shopping, and dining, this charming home offers everything you need in your next home….don’t let it get away!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 29611

ZipNIR Market*CityMarket2010Year2000201960k70k80k90k100k110k120k130k140k150k160k170k180kPrice in $56k190k

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

Zip Code: 29611

ZipNIR Market*CityMarket2010Year20002019 Q27008009001000110012001300Rent in $6051383

* 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
Welcome Elementary School Primary Regular 773 50 3
Tanglewood Middle School Middle Regular 592 39 2
Carolina High School High Magnet 733 51 1

Welcome Elementary School

  • Education Level: Primary
  • # of students: 773
  • # of teachers: 50
3
GreatSchools Rating

Tanglewood Middle School

  • Education Level: Middle
  • # of students: 592
  • # of teachers: 39
2
GreatSchools Rating

Carolina High School

  • Education Level: High
  • # of students: 733
  • # of teachers: 51
1
GreatSchools Rating
 

$76,500$93,500$85,000

PURCHASE PRICE

$963$1,177$1,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,070
EXPENSES Loan Payment -$314
Property Tax -$212
Property Insurance -$51
Property Management Fees -$86
CASH FLOW
$409

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.

$85,000

PROJECTED PRICE

$1,070

PROJECTED RENT

1.26%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.3%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$28,275

INVESTMENT

$28,275

Down Payment
$21,250
Rehab Estimate
$5,750
Closing Costs
$1,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$314

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $21,250
Loan Amount $63,750
See What Happens When You Reinvest Cash Flow

19.08

YEARS SAVED

$32,119

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,070

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,048

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,070
1$1,0702$1,2003$1,295
$1,295
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 47 Templewood Drive Greenville, SC 1
    • 3 beds 1 baths ∙ 1,278 Sqft ∙ Built 1955 3 beds 1 baths ∙ 1,278 Sqft ∙ Built 1955
    • Rent
    • Rent Per SQFT
    •  
    • $1,070
    • $0.84
    •  
  • 804 Gordon Street Extension Greenville, SC 2
    • 3 beds 2 baths ∙ 1,446 Sqft ∙ Built 3 beds 2 baths ∙ 1,446 Sqft ∙ Built
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.83
    •  
  • 112 Aloha Drive Greenville, SC 3
    • 4 beds 3 baths ∙ 1,590 Sqft ∙ Built 4 beds 3 baths ∙ 1,590 Sqft ∙ Built
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.81
    •  
PROPERTY LISTING DETAILS
Dan Hamilton
1.864.527.7685
Keller Williams Grv Upst
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1431199
Last Updated: 11/06/2020
BESbswy