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7 Aiken Circle Greenville, SC 29617

4 Beds 1 Baths - sqft Built 1974

$148,000

List Price

$1,240

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1974
  • Price/Sqft : $120.13
  • 2 Days on Market
  • MLS # : 1430863
  • Updated Date : 11/03/2020 at 02:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : '-'
  • Baths : 1 full
Listing Agent

Keller Williams Upstate Legacy

Listing Agent's Description

Between a stellar location and strong opportunity for any buyer, 7 Aiken Circle has so much to offer! This modest, 4 bedroom, 1 bathroom brick ranch has a surprising amount of space and storage. At just over 1,200 square feet, housing a living room, eat-in kitchen, boasting tons of closets - coat, linen, pantry, a generous attic, and the 20x20 worksop out back, there is enough flexibility to meet most needs. It features beautiful laminate hardwoods in the living, kitchen, hall and all three bedrooms, great flow, fabulous patios, and one full bath. The previous owners clearly loved the home, and it shows with the improvements that have been made. Make no mistake, there is still room for improvements and personal touches. Any buyer will likely want to put their own touches on this home but she is certainly move-in ready right now. The fenced-in yard is fabulous for pets, kids, hobbies, and sports. Whether you are trying to find an affordable home for your family, downsizing to single-level living, or looking for a rental to expand your portfolio, because this home is located less than 5 miles from Furman University, minutes from the charms of downtown Travelers Rest, and 12 minutes to the heart of Greenville, and listed at just $148,000, this home is poised to add value for home-owners and investors alike.

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PRICE & RENT TRENDS

Zip Code: 29617

ZipNIR Market*CityMarket2010Year2000201960k70k80k90k100k110k120k130k140k150k160k170k180kPrice in $59k190k

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

Zip Code: 29617

ZipNIR Market*CityMarket2010Year20002019 Q275080085090095010001050110011501200125013001350Rent in $7381383

* 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
Berea Elementary School Primary Regular 476 36 4
Berea Middle School Middle Regular 676 45 3
Berea High School High Regular 1,091 66 5

Berea Elementary School

  • Education Level: Primary
  • # of students: 476
  • # of teachers: 36
4
GreatSchools Rating

Berea Middle School

  • Education Level: Middle
  • # of students: 676
  • # of teachers: 45
3
GreatSchools Rating

Berea High School

  • Education Level: High
  • # of students: 1,091
  • # of teachers: 66
5
GreatSchools Rating
 

$133,200$162,800$148,000

PURCHASE PRICE

$1,116$1,364$1,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,240
EXPENSES Loan Payment -$546
Property Tax -$234
Property Insurance -$50
Property Management Fees -$99
CASH FLOW
$311

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.

$148,000

PROJECTED PRICE

$1,240

PROJECTED RENT

0.84%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.48%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$44,970

INVESTMENT

$44,970

Down Payment
$37,000
Rehab Estimate
$5,750
Closing Costs
$2,220

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$546

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $37,000
Loan Amount $111,000
See What Happens When You Reinvest Cash Flow

13.58

YEARS SAVED

$38,152

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,240

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,324

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,195
1$1,1952$1,2403$1,295
$1,295
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 7 Aiken Circle Greenville, SC 2
    • 4 beds 1 baths ∙ 1,232 Sqft ∙ Built 1974 4 beds 1 baths ∙ 1,232 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $1,240
    • $1.01
    •  
  • 14 Hodgens Drive Greenville, SC 1
    • 3 beds 1 baths ∙ 1,040 Sqft ∙ Built 3 beds 1 baths ∙ 1,040 Sqft ∙ Built
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $1.15
    •  
  • 2 Avon Street Greenville, SC 3
    • 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 3 beds 2 baths ∙ 1,300 Sqft ∙ Built
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.00
    •  
PROPERTY LISTING DETAILS
Analeisa Latham
1.864.757.4810
Keller Williams Upstate Legacy
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1430863
Last Updated: 11/03/2020
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