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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $139.74
- 3 Days on Market
- MLS # : 1437808
- Updated Date : 02/20/2021 at 21:56
CONSTRUCTION
- Beds : 4
- Floor Size : '-'
- Baths : 2 full , 1 half
Listing Agent
Bhhs C Dan Joyner - Greer
Listing Agent's Description
Beautiful 4 bedroom home located in established Bent Creek Plantation! This traditional style home offers a wonderful floorplan for ease of living. Upon entering the foyer, the gorgeous hardwoods steal the show and run throughout the main floor. The formal dining room is located immediately to the right and opens to the renovated kitchen. The kitchen boasts white cabinets with stainless appliances, stunning granite counters, and tile backsplash. The kitchen, breakfast room, and den are completely open to each other and overlook the extensive deck and backyard. Additionally, on the main floor, there is a powder room and formal living room that would make an excellent library, office, or playroom. Upstairs the master bedroom feels like an oasis with a renovated bathroom. The bathroom was updated in 2021 with a tiled shower, tiled floor, new vanity and counters, lights, plumbing fixtures, and paint. There are three additional bedrooms and a perfectly situated hall bathroom. The walk-in laundry room is located upstairs with all bedrooms! Outside, the deck overlooks the fenced-in backyard. The owners removed several trees and seeded the backyard in 2020. This area is ready for the new owners to make it their own. It is perfect for pets and children to play, gardening, and outdoor games! The community offers a clubhouse, swimming pool, and tennis courts. Be sure to see this home before it is gone!
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PRICE & RENT TRENDS
Zip Code: 29651
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 29651
* 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 | $1,760 |
| EXPENSES | Loan Payment | -$955 |
| Property Tax | -$518 | |
| Property Insurance | -$63 | |
| Property Management Fees | -$141 | |
|
CASH FLOW
$82
|
||
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.
$275,000
PROJECTED PRICE
$1,760
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$78,625
LOAN DETAILS
$955
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $68,750 |
| Loan Amount | $206,250 |
4.92
YEARS SAVED
$14,150
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,760
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$1,752
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
612 Germander Court Greer, SC 2
- 4 beds 3 baths ∙ 1,968 Sqft ∙ Built 1998 4 beds 3 baths ∙ 1,968 Sqft ∙ Built 1998
- Rent
- Rent Per SQFT
- $1,760
- $0.89
-
324 Sugar Time Lane Greer, SC 1
- 3 beds 3 baths ∙ 1,856 Sqft ∙ Built 3 beds 3 baths ∙ 1,856 Sqft ∙ Built
LEASED 04/09/20- Rent
- Rent Per SQFT
- $1,650
- $0.89
PROPERTY LISTING DETAILS
1.864.915.6076
Bhhs C Dan Joyner - Greer
1.866.250.5610
Homeunion SC LLC
21064
MLS #: 1437808
Last Updated: 02/20/2021
