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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $105.33
- 2 Days on Market
- MLS # : 1437842
- Updated Date : 02/20/2021 at 17:59
CONSTRUCTION
- Beds : 3
- Floor Size : '-'
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Realty
Listing Agent's Description
Come check out this beautiful home nestled in the Belmont subdivision in Boiling Springs. Upon entering the home, you will step into a welcoming two-story foyer. This home features an open floor plan with cathedral ceilings and has a formal dining room that is great for entertaining. This home also features a master on main with a tray ceiling and on-suite bathroom that has a double vanity, jetted tub, and walk-in closet. At the top of the stairs, an open hallway overlooks the main living space and foyer, and leads you to two more bedrooms, a full bathroom, and bonus room. The Belmont subdivision has a neighborhood pool and is conveniently located to shopping and Interstates 26 and 85.
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PRICE & RENT TRENDS
Zip Code: 29316
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 29316
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,600 |
| EXPENSES | Loan Payment | -$851 |
| Property Tax | -$427 | |
| Property Insurance | -$70 | |
| Property Management Fees | -$128 | |
|
CASH FLOW
$125
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.
$245,000
PROJECTED PRICE
$1,600
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.52% |
| Appreciation Year (1-5) | 5.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.90% |
| 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
$70,675
LOAN DETAILS
$851
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $61,250 |
| Loan Amount | $183,750 |
5.92
YEARS SAVED
$16,985
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,600
LIST RENT -
$0.69
LIST RENT PER SQFT
-
$1,745
COMP ESTIMATED VALUE -
$0.75
COMP AVG. RENT PER SQFT
Comps Range
-
671 Secretariat Drive Boiling Springs, SC 1
- 3 beds 3 baths ∙ 2,326 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,326 Sqft ∙ Built 2007
- Rent
- Rent Per SQFT
- $1,600
- $0.69
-
547 Falls Cottage Run Boiling Springs, SC 2
- 4 beds 3 baths ∙ 2,312 Sqft ∙ Built 4 beds 3 baths ∙ 2,312 Sqft ∙ Built
LEASED 09/04/20- Rent
- Rent Per SQFT
- $1,725
- $0.75
PROPERTY LISTING DETAILS
1.864.757.2587
Keller Williams Realty
1.866.250.5610
Homeunion SC LLC
21064
MLS #: 1437842
Last Updated: 02/20/2021
