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504 Marsh Creek Drive Mauldin, SC 29662

4 Beds 3 Baths - sqft Built 1996

INVESTimate

$269,900

List Price

$1,590

$1,431 - $1,749

Rent Est.

$280,723  ( +4.01%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 1996
  • Price/Sqft : $118.64
  • 3 Days on Market
  • MLS # : 1425752
  • Updated Date : 08/24/2020 at 21:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : '-'
  • Baths : 2 full , 1 half
Listing Agent

Elite Property Management Inc

Listing Agent's Description

This beautifully well maintained 4 bedroom 2 1/2 bath home is a must see!! Totally move in ready with so many upgrades and fresh paint! As you arrive you will notice the well maintained lawn and shaded rocking chair front porch. Upon entering this beautiful home you will immediately notice the hardwood floors and attractive stairway. There is a nice office or den to your right and dining room to your left with well appointed moldings. Walking into the updated kitchen that is open to the living room, you will appreciate the granite countertops and updated appliances. There is a butlers pantry just off the kitchen making it great for entertaining. As you look through the newly updated gorgeous tilt out windows into the level meticulously maintained fenced in back yard with a great deck for grilling and chilling! Off the kitchen is a large garage with plenty of storage space and shelving with a convenient sink. All 4 nice sized bedrooms are upstairs. This master bedroom has a separate area behind french doors to be used as an office, sitting room, or nursery! Also features a walk in closet, garden tub and separate shower. Laundry is conveniently located upstairs for easy access to all bedrooms. Home features dual water meters for the house and the lawn. Also has an awesome sidewalk from the driveway to the back deck. Have peace of mind making this your home with new windows and all HVAC replaced in the last 5 years. Also has an encapsulated crawl space and is termite bonded! This house is ready for you to call your home!!

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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
 

$242,910$296,890$269,900

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$996
Property Tax -$348
Property Insurance -$69
Property Management Fees -$127
CASH FLOW
$50

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.

$269,900

PROJECTED PRICE

$1,590

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.42%
Appreciation Year (1-5) 4.01%
Maintenance Year (1-5) 8.00%
Vacancy 6.12%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,274

INVESTMENT

$77,274

Down Payment
$67,475
Rehab Estimate
$5,750
Closing Costs
$4,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,475
Loan Amount $202,425
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$18,788

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,615

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5903$1,6004$1,650
$1,650
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 504 Marsh Creek Drive Mauldin, 2
    • 4 beds 3 baths ∙ 2,275 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,275 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.70
    •  
  • 6 Hartline Court Greenville, 1
    • 3 beds 3 baths ∙ 1,976 Sqft ∙ Built 3 beds 3 baths ∙ 1,976 Sqft ∙ Built
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.78
    •  
  • 100 Blue Slate Court Greenville, 3
    • 4 beds 3 baths ∙ 2,486 Sqft ∙ Built 4 beds 3 baths ∙ 2,486 Sqft ∙ Built
    LEASED 03/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.64
    •  
  • 7 Fawn Ridge Way Mauldin, 4
    • 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 4 beds 3 baths ∙ 2,324 Sqft ∙ Built
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.71
    •  
PROPERTY LISTING DETAILS
Darren Ison
1.864.271.1880
Elite Property Management Inc
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1425752
Last Updated: 08/24/2020
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