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PROPERTY INFO
FACTS
- Single Family
- Built In 1967
- Price/Sqft : $127.13
- 4 Days on Market
- MLS # : 1433347
- Updated Date : 12/11/2020 at 20:49
CONSTRUCTION
- Beds : 3
- Floor Size : '-'
- Baths : 2 full
Listing Agent
Wilson Associates
Listing Agent's Description
This blank canvas in HERITAGE HILLS is waiting for you to make it your own. Just minutes from downtown you will fall in love with this stately traditional brick home with large private yard. It was once the builder's own personal home. As you enter the foyer you'll be greeted by a large living and dining room area. The kitchen is open to the den so both rooms can enjoy the warmth from the gas log fireplace. Off the den is a screened porch overlooking the gorgeous backyard. Down the hall are three bedrooms with a hall bath. The master has a walk-in closet and a second smaller closet and it's own ensuite bath. The laundry, located in the garage, also has a workshop space. This room is both heated and cooled. The seller has taken meticulous care. The HVAC includes a Hepa filter and the house has been covered by a Corley warranty for the past 16 years which includes electrical, plumbing, heating and air. Both toilets are new and the outside trim was repainted Spring of 2020. It's ready for a new family. Schedule your showing today.
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PRICE & RENT TRENDS
Zip Code: 29615
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 29615
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,560 |
| EXPENSES | Loan Payment | -$830 |
| Property Tax | -$328 | |
| Property Insurance | -$60 | |
| Property Management Fees | -$125 | |
|
CASH FLOW
$218
|
||
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.
$224,900
PROJECTED PRICE
$1,560
PROJECTED RENT
0.69%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.42% |
| Appreciation Year (1-5) | 6.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.12% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$65,349
LOAN DETAILS
$830
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $56,225 |
| Loan Amount | $168,675 |
9.33
YEARS SAVED
$34,354
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,560
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$1,557
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
605 Butler Springs Road Greenville, SC 3
- 3 beds 2 baths ∙ 1,769 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,769 Sqft ∙ Built 1967
- Rent
- Rent Per SQFT
- $1,560
- $0.88
-
123 Princeton Avenue Greenville, SC 1
- 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 3 beds 2 baths ∙ 1,440 Sqft ∙ Built
LEASED 07/11/19- Rent
- Rent Per SQFT
- $1,250
- $0.87
-
802 Richbourg Road Greenville, SC 2
- 3 beds 2 baths ∙ 1,816 Sqft ∙ Built 3 beds 2 baths ∙ 1,816 Sqft ∙ Built
LEASED 02/10/20- Rent
- Rent Per SQFT
- $1,500
- $0.83
-
327 Mimosa Drive Greenville, SC 4
- 3 beds 2 baths ∙ 1,703 Sqft ∙ Built 3 beds 2 baths ∙ 1,703 Sqft ∙ Built
LEASED 06/15/20- Rent
- Rent Per SQFT
- $1,595
- $0.94
PROPERTY LISTING DETAILS
1.864.238.3879
Wilson Associates
1.866.250.5610
Homeunion SC LLC
21064
MLS #: 1433347
Last Updated: 12/11/2020
