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621 Bridwell Road Travelers Rest, SC 29690

3 Beds 2 Baths - sqft Built 1970

$169,900

List Price

$1,210

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $137.91
  • 4 Days on Market
  • MLS # : 1431555
  • Updated Date : 11/12/2020 at 22:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 1 full , 1 half
Listing Agent

Re/max Moves Greer

Listing Agent's Description

This three bedroom 1 1/2 bath home is located in sought after Travelers Rest and only steps to Swamp Rabbit Trail and approximately 1 mile to downtown Travelers Rest restaurants and shopping. Home features large eat in kitchen, whole house Generac Generator and heat pump installed in 2013. Enjoy grilling on the deck. Large level fenced yard is great for kids , pets and gardening. Come and make this your home. May qualify for 100% USDA financing.

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PRICE & RENT TRENDS

Zip Code: 29690

ZipNIR Market*CityMarket2010Year2000201980k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $79k210k

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

Zip Code: 29690

ZipNIR Market*CityMarket2010Year20002019 Q285090095010001050110011501200125013001350Rent in $8431364

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

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Heritage Elementary School Primary Regular 659 38 5
Northwest Middle School Middle Regular 800 45 5
Travelers Rest High School High Regular 1,225 60 6

Heritage Elementary School

  • Education Level: Primary
  • # of students: 659
  • # of teachers: 38
5
GreatSchools Rating

Northwest Middle School

  • Education Level: Middle
  • # of students: 800
  • # of teachers: 45
5
GreatSchools Rating

Travelers Rest High School

  • Education Level: High
  • # of students: 1,225
  • # of teachers: 60
6
GreatSchools Rating
 

$152,910$186,890$169,900

PURCHASE PRICE

$1,089$1,331$1,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,210
EXPENSES Loan Payment -$627
Property Tax -$213
Property Insurance -$50
Property Management Fees -$97
CASH FLOW
$224

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.

$169,900

PROJECTED PRICE

$1,210

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.16%
Appreciation Year (1-5) 7.1%
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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$50,774

INVESTMENT

$50,774

Down Payment
$42,475
Rehab Estimate
$5,750
Closing Costs
$2,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$627

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $42,475
Loan Amount $127,425
See What Happens When You Reinvest Cash Flow

10.67

YEARS SAVED

$32,129

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,210

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,211

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,000
1$1,0002$1,2103$1,2504$1,350
$1,350
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 621 Bridwell Road Travelers Rest, SC 2
    • 3 beds 2 baths ∙ 1,232 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,232 Sqft ∙ Built 1970
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,210
    • $0.98
    •  
  • 121 Paris View Drive Travelers Rest, SC 1
    • 3 beds 1 baths ∙ 1,066 Sqft ∙ Built 3 beds 1 baths ∙ 1,066 Sqft ∙ Built
    property image
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,000
    • $0.94
    •  
  • 12 Rawood Drive Travelers Rest, SC 3
    • 3 beds 2 baths ∙ 1,225 Sqft ∙ Built 3 beds 2 baths ∙ 1,225 Sqft ∙ Built
    property image
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.02
    •  
  • 142 Midwood Road Travelers Rest, SC 4
    • 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 3 beds 2 baths ∙ 1,360 Sqft ∙ Built
    property image
    LEASED 05/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.99
    •  
PROPERTY LISTING DETAILS
Libby Wampole
1.864.313.3673
Re/max Moves Greer
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1431555
Last Updated: 11/12/2020
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