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

514 Habersham Lane Easley, SC 29642

3 Beds 2 Baths - sqft Built 1998

$219,900

List Price

$1,180

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $169.81
  • 2 Days on Market
  • MLS # : 1437827
  • Updated Date : 02/20/2021 at 05:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 2 full
Listing Agent

Aggressive Realty

Listing Agent's Description

Location and Better than NEW!! You will not find a quality home like this anywhere in this price range. Subdivision is walking distance to Easley high school and minuets from downtown Easley and Powdersville. Walk through the front door into an open floor plan accented with shiplap walls and crown molding extending into the living room and kitchen, brand new granite countertops and cabinets, new lighting and plumbing fixtures, stainless steel appliances(oven-microwave-dishwasher) walk down the hallway to your left is a spacious laundry room with sink and shelving and plenty of space for your washer and dryer, to your right a full bath with new granite,sink,faucet and cabinet, beautiful tile flooring and shower. In the 3 bedrooms all have new carpet and over sized closets and ceiling fans. The master bathroom has new granite, double sink,faucets and cabinets, new tile flooring and shower. The bathrooms are beautiful and must see in person. The house also has new roof, new plumbing and HVAC. New large deck for entertaining and wood fenced in back yard for privacy and to help contain the kids and pets. Do not wait make your appointment today!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 29642

ZipNIR Market*CityMarket2010Year2000201980k90k100k110k120k130k140k150k160k170k180kPrice in $79k183k

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

Zip Code: 29642

ZipNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9171838

* 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
Forest Acres Elementary School Primary Regular 710 43 8
Richard H. Gettys Middle School Middle Regular 1,316 73 6
Easley High School High Regular 1,807 89 4

Forest Acres Elementary School

  • Education Level: Primary
  • # of students: 710
  • # of teachers: 43
8
GreatSchools Rating

Richard H. Gettys Middle School

  • Education Level: Middle
  • # of students: 1,316
  • # of teachers: 73
6
GreatSchools Rating

Easley High School

  • Education Level: High
  • # of students: 1,807
  • # of teachers: 89
4
GreatSchools Rating
 

$197,910$241,890$219,900

PURCHASE PRICE

$1,062$1,298$1,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,180
EXPENSES Loan Payment -$764
Property Tax -$219
Property Insurance -$51
Property Management Fees -$94
CASH FLOW
$52

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$219,900

PROJECTED PRICE

$1,180

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.16%
Appreciation Year (1-5) 3.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.54%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,024

INVESTMENT

$64,024

Down Payment
$54,975
Rehab Estimate
$5,750
Closing Costs
$3,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$764

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $54,975
Loan Amount $164,925
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$12,951

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,180

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,114

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,180
1$1,1802$1,350
$1,350
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 514 Habersham Lane Easley, SC 1
    • 3 beds 2 baths ∙ 1,295 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,295 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,180
    • $0.91
    •  
  • 529 Kingsman Lane Easley, SC 2
    • 3 beds 2 baths ∙ 1,572 Sqft ∙ Built 3 beds 2 baths ∙ 1,572 Sqft ∙ Built
    LEASED 10/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.86
    •  
PROPERTY LISTING DETAILS
M. Kevin Black
1.864.630.8211
Aggressive Realty
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1437827
Last Updated: 02/20/2021
BESbswy