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PROPERTY INFO
FACTS
- Single Family
- Built In 1995
- Price/Sqft : $147.61
- 2 Days on Market
- MLS # : 1437363
- Updated Date : 02/13/2021 at 16:07
CONSTRUCTION
- Beds : 3
- Floor Size : '-'
- Baths : 2 full , 1 half
Listing Agent
Bhhs C Dan Joyner - Pelham
Listing Agent's Description
Looking for a home in the desirable Riverside School District? You must see this immaculately kept colonial style home with three bedrooms and two and half bathrooms. The home has been well maintained with it’s one owner. The kitchen was just updated in January 2021 with granite counters, new sink and faucet, tile backsplash and stainless-steel oven with air fryer. Hardwood floors are throughout the first floor. The living room has a gas fireplace and is adjacent to the formal dining room. There is a screened porch and deck to enjoy the outdoors. Upstairs are the three bedrooms with a bonus room perfect for an extra TV room, playroom or office. The owners replaced the roof, vinyl siding and gutters in 2017. The screened in porch was painted in 2019 and a new HVAC was installed in 2019. New updated lighting was installed in all bathrooms in February 2021. There is an extra storage area in the neighborhood for your trailer, boat or extra car. This house is around the corner from shopping and restaurants and within walking distance to Riverside High School. This home is move in ready and waiting to welcome a new owner!
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PRICE & RENT TRENDS
Zip Code: 29650
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 29650
* 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.
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,440 |
| EXPENSES | Loan Payment | -$816 |
| Property Tax | -$351 | |
| Property Insurance | -$56 | |
| Property Management Fees | -$115 | |
|
CASH FLOW
$101
|
||
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.
$235,000
PROJECTED PRICE
$1,440
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.42% |
| Appreciation Year (1-5) | 3.1% |
| 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
$68,025
LOAN DETAILS
$816
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $58,750 |
| Loan Amount | $176,250 |
6.33
YEARS SAVED
$17,753
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,440
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$1,433
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
610 Riverside Chase Circle Greer, SC 2
- 3 beds 3 baths ∙ 1,592 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,592 Sqft ∙ Built 1995
- Rent
- Rent Per SQFT
- $1,440
- $0.90
-
108 Big Fox Lane Greer, SC 1
- 3 beds 3 baths ∙ 1,592 Sqft ∙ Built 3 beds 3 baths ∙ 1,592 Sqft ∙ Built
LEASED 08/13/20- Rent
- Rent Per SQFT
- $1,400
- $0.88
-
116 Fawnbrook Drive Greer, SC 3
- 3 beds 3 baths ∙ 1,592 Sqft ∙ Built 3 beds 3 baths ∙ 1,592 Sqft ∙ Built
LEASED 08/31/19- Rent
- Rent Per SQFT
- $1,450
- $0.91
-
107 Constantine Way Greer, SC 4
- 3 beds 3 baths ∙ 1,681 Sqft ∙ Built 3 beds 3 baths ∙ 1,681 Sqft ∙ Built
LEASED 09/18/20- Rent
- Rent Per SQFT
- $1,500
- $0.89
-
430 Riverside Chase Circle Greer, SC 5
- 3 beds 3 baths ∙ 1,676 Sqft ∙ Built 3 beds 3 baths ∙ 1,676 Sqft ∙ Built
LEASED 06/14/20- Rent
- Rent Per SQFT
- $1,550
- $0.92
PROPERTY LISTING DETAILS
1.803.394.7382
Bhhs C Dan Joyner - Pelham
1.866.250.5610
Homeunion SC LLC
21064
MLS #: 1437363
Last Updated: 02/13/2021
