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6 Rustcraft Drive Greer, SC 29651

3 Beds 2 Baths - sqft Built 2005

$224,900

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $149.04
  • 5 Days on Market
  • MLS # : 1437536
  • Updated Date : 02/19/2021 at 17:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 2 full
Listing Agent

Keller Williams Grv Upst

Listing Agent's Description

Welcome home to 6 Rustcraft Drive! Search no further as this beautiful ranch awaits you!! Walk thru the large foyer area into the bright, open floorplan of over 1500 sq ft. This home features gorgeous woven bamboo engineered hardwood floors throughout most of the house. On one side of the house are two ample size bedrooms, a laundry room, and a full bath separated by a fantastic living room with vaulted ceilings and a gas fireplace. The kitchen is open to the living room and dining room. It offers plenty of counter space for food prep, stainless appliances, pantry, and coffee station. The Master suite is on the other side of the house and features trey ceilings, a walk-in closet, full bath with double sinks. You will enjoy the privacy of the huge, level partially fenced back yard. The Seller will replace the dishwasher that is currently in the home with a new stainless dishwasher before closing. The storage building does not convey but is negotiable.

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PRICE & RENT TRENDS

Zip Code: 29651

ZipNIR Market*CityMarket2010Year2000201980k90k100k110k120k130k140k150k160k170k180k190k200k210kPrice in $79k217k

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

Zip Code: 29651

ZipNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9171558

* 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.
 

$202,410$247,390$224,900

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$781
Property Tax -$271
Property Insurance -$55
Property Management Fees -$118
CASH FLOW
$246

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.

$224,900

PROJECTED PRICE

$1,470

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.16%
Appreciation Year (1-5) 4.1%
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$700k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,349

INVESTMENT

$65,349

Down Payment
$56,225
Rehab Estimate
$5,750
Closing Costs
$3,374

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$781

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,225
Loan Amount $168,675
See What Happens When You Reinvest Cash Flow

9.58

YEARS SAVED

$31,677

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,470

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,418

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4703$1,750
$1,750
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 6 Rustcraft Drive Greer, SC 2
    • 3 beds 2 baths ∙ 1,509 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,509 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $0.97
    •  
  • 230 Barberry Lane Greenville, SC 1
    • 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 3 beds 2 baths ∙ 1,809 Sqft ∙ Built
    property image
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.80
    •  
  • 2131 Gap Creek Road Greer, SC 3
    • 3 beds 3 baths ∙ 1,618 Sqft ∙ Built 3 beds 3 baths ∙ 1,618 Sqft ∙ Built
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.08
    •  
PROPERTY LISTING DETAILS
Danielle Scott
1.864.616.0958
Keller Williams Grv Upst
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1437536
Last Updated: 02/19/2021
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