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509 Fieldgate Court Mauldin, SC 29662

4 Beds 3 Baths - sqft Built 2001

$275,000

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $112.34
  • 4 Days on Market
  • MLS # : 1436664
  • Updated Date : 02/05/2021 at 16:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : '-'
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Greenville Cen

Listing Agent's Description

An absolutely beautiful home located in the desirable Planters Row neighborhood. This 4 bedroom 2.5 bath traditional home is immaculate with impressive upgrades making it stand out in Planters Row. Upon entry you will be greeted with a bright and eye-catching 2-story foyer. All hardwood stairs and flooring are 3/4" Bruce Hardwoods. along with crown molding throughout the downstairs. The kitchen features luxury vinyl floor, stainless appliances, and beautiful tall cabinets that compliment the granite counters perfectly. There is both a spacious den and separate living room along with a formal dining room. Hardwoods run through them all. The master bedroom has a vaulted ceiling, hardwood floors, walk-in and full bath with double sinks and separate shower and garden-styled tub. The 10x20 oversized back deck overlooks a private fenced back yard with wonderfully placed Leland Cyprus for additional appeal and privacy. Planters Row puts you within minutes of shopping, restaurants, and quick access to several highways. All while being set among one of the nicest residential areas in Mauldin.

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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

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$955
Property Tax -$370
Property Insurance -$72
Property Management Fees -$134
CASH FLOW
$149

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.

$275,000

PROJECTED PRICE

$1,680

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.42%
Appreciation Year (1-5) 4.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.12%
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$800k

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$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$24,403

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,673

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6503$1,6804$1,700
$1,700
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 509 Fieldgate Court Mauldin, SC 3
    • 4 beds 3 baths ∙ 2,448 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,448 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
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    • $1,680
    • $0.69
    •  
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    • Rent Per SQFT
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    • 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 4 beds 3 baths ∙ 2,324 Sqft ∙ Built
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    • Rent
    • Rent Per SQFT
    •  
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    • 4 beds 3 baths ∙ 2,486 Sqft ∙ Built 4 beds 3 baths ∙ 2,486 Sqft ∙ Built
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    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.68
    •  
PROPERTY LISTING DETAILS
Steven Delisle
1.864.757.4970
Keller Williams Greenville Cen
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1436664
Last Updated: 02/05/2021
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