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505 W Holloway Drive 
Woodruff, SC
29388
5 Beds 3 Baths - sqft
Built 2014
INVESTimate
$289,900
List Price
$82,574
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PROPERTY INFO
FACTS
- Built In 2014
- Price/Sqft : $110.82
- 3 Days on Market
- MLS # : 1425747
- Updated Date : 08/24/2020 at 20:36
CONSTRUCTION
- Beds : 5
- Floor Size : '-'
- Baths : 3 full
Listing Agent
Bhhs C Dan Joyner - Sptbg
Listing Agent's Description
Gorgeous 5 Bedroom, 3 Bath home with fenced yard, upgraded stainless appliances, renovated Master Bath in convenient location is Better Than New! This home has so much to offer in a gated, sidewalk neighborhood near Tyger River Park, shops & dining and is centrally located between Greenville & Spartanburg. The covered front porch welcomes you to the 2 Story Foyer with a gorgeous new chandelier. To the left is a large dining room with coffered ceilings, bay window and new light fixture. To the right is a Flex Room that is perfect for an office, playroom, formal living room or den. Straight ahead is the hallway that leads to the Family Room, Kitchen & Breakfast Area. The Kitchen has granite countertops, pantry & new, upgraded Stainless Appliances, including gas stove, for the chef in the family! There is plenty of eating space including the additional breakfast area with new lighting and Kitchen Bar seating. The largeFamily Room has a gorgeous stone fireplace with gas logs for cozy nights. Also on the main floor is a bedroom with a full bath for guests or an in-law suite. Upstairs you will find a Huge Master Suite which has a private sitting room/den/office, Two Walk-in Closets and an updated Master Bath! This renovated, spa-like Master Bath has a custom tile shower with glass door, soaker tub, double vanity and gorgeous tile flooring throughout! Also upstairs are 3 additional Bedrooms and walk-in Laundry Room for easy access. Also enjoy the fenced backyard that includes a covered patio, storage building and thick, established grass that you will make you want to walk barefoot! This beautiful home has so many extras to offer with fresh paint, additional crown molding, new light fixtures, new appliances,new Master Bath and is move-in ready!!
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PRICE & RENT TRENDS
Zip Code: 29388
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 29388
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,960 |
| EXPENSES | Loan Payment | -$1,070 |
| Property Tax | -$318 | |
| Property Insurance | -$75 | |
| Property Management Fees | -$157 | |
|
CASH FLOW
$340
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.
$289,900
PROJECTED PRICE
$1,960
PROJECTED RENT
0.68%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.52% |
| Appreciation Year (1-5) | 1.87% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.90% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$82,574
LOAN DETAILS
$1,070
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $72,475 |
| Loan Amount | $217,425 |
10.17
YEARS SAVED
$50,867
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,960
LIST RENT -
$0.75
LIST RENT PER SQFT
-
$1,779
COMP ESTIMATED VALUE -
$0.68
COMP AVG. RENT PER SQFT
Comps Range
-
505 W Holloway Drive Woodruff, 3
- 5 beds 3 baths ∙ 2,616 Sqft ∙ Built 2014 5 beds 3 baths ∙ 2,616 Sqft ∙ Built 2014
- Rent
- Rent Per SQFT
- $1,960
- $0.75
-
343 Deer Chase Drive Duncan, 1
- 4 beds 3 baths ∙ 2,886 Sqft ∙ Built 4 beds 3 baths ∙ 2,886 Sqft ∙ Built
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,675
- $0.58
-
169 Northwild Drive Duncan, 2
- 5 beds 3 baths ∙ 2,512 Sqft ∙ Built 5 beds 3 baths ∙ 2,512 Sqft ∙ Built
LEASED 07/16/20- Rent
- Rent Per SQFT
- $1,950
- $0.78
PROPERTY LISTING DETAILS
1.864.380.9021
Bhhs C Dan Joyner - Sptbg
1.866.250.5610
Homeunion SC LLC
21064
MLS #: 1425747
Last Updated: 08/24/2020
