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610 Riverside Chase Circle Greer, SC 29650

3 Beds 3 Baths - sqft Built 1995

$235,000

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
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

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $85k260k

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

Zip Code: 29650

ZipNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600Rent in $9171690

* 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.
 

$211,500$258,500$235,000

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
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

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$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$816

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

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
$1,400
1$1,4002$1,4403$1,4504$1,5005$1,550
$1,550
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 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
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    • Rent Per SQFT
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    • 3 beds 3 baths ∙ 1,592 Sqft ∙ Built 3 beds 3 baths ∙ 1,592 Sqft ∙ Built
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    • Rent
    • Rent Per SQFT
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    • $1,450
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  • 107 Constantine Way Greer, SC 4
    • 3 beds 3 baths ∙ 1,681 Sqft ∙ Built 3 beds 3 baths ∙ 1,681 Sqft ∙ Built
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    • 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
Kimberly Darling
1.803.394.7382
Bhhs C Dan Joyner - Pelham
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1437363
Last Updated: 02/13/2021
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