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7 Brockmore Drive Greenville, SC 29605

3 Beds 2 Baths - sqft Built 2000

$199,000

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $121.19
  • 2 Days on Market
  • MLS # : 1430830
  • Updated Date : 11/02/2020 at 14:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 2 full
Listing Agent

Producer Realty Llc

Listing Agent's Description

Move-in ready 3 bedrooms, 2 bathrooms split bedroom floorpan home with a huge bonus room above the garage. This former model home features a spacious front porch, beautiful hardwood flooring and laminate flooring throughout the main floor room, and new carpet in the bonus room. Kitchen has tile flooring, granite counter tops with an island, bar counter, stainless steel appliances with refrigerator included, breakfast area, and a large pantry. The open living room has vaulted ceilings, hardwood floors, ceiling fan and a fireplace. The master suite has vaulted ceilings, ceiling fan, walk in closet, double sinks, separate tub, and separate shower. Located on the opposite side of the home are two additional bedrooms with ceiling fans, and a bathroom. Step outside and you will love the huge fenced backyard with trees for shade and privacy, and the large 21 x 13 patio. Neighborhood is compete with a swimming pool, playground and common areas. Schedule your private showing today before this one is gone!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 29605

ZipNIR Market*CityMarket2010Year2000201980k90k100k110k120k130k140k150k160k170k180kPrice in $79k190k

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

Zip Code: 29605

ZipNIR Market*CityMarket2010Year20002019 Q270075080085090095010001050110011501200125013001350Rent in $6511383

* 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
Robert E. Cashion Elementary School Primary Regular 694 40 5
Hughes Academy Middle Magnet 848 48 6
Southside High School High Magnet 814 51 2

Robert E. Cashion Elementary School

  • Education Level: Primary
  • # of students: 694
  • # of teachers: 40
5
GreatSchools Rating

Hughes Academy

  • Education Level: Middle
  • # of students: 848
  • # of teachers: 48
6
GreatSchools Rating

Southside High School

  • Education Level: High
  • # of students: 814
  • # of teachers: 51
2
GreatSchools Rating
 

$179,100$218,900$199,000

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$734
Property Tax -$310
Property Insurance -$57
Property Management Fees -$112
CASH FLOW
$186

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.

$199,000

PROJECTED PRICE

$1,400

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.16%
Appreciation Year (1-5) 0.6%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,485

INVESTMENT

$58,485

Down Payment
$49,750
Rehab Estimate
$5,750
Closing Costs
$2,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$734

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $49,750
Loan Amount $149,250
See What Happens When You Reinvest Cash Flow

8.5

YEARS SAVED

$26,756

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,420

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4003$1,4504$1,4955$1,550
$1,550
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 7 Brockmore Drive Greenville, SC 2
    • 3 beds 2 baths ∙ 1,642 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,642 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.85
    •  
  • 101 Bonnie Woods Drive Greenville, SC 1
    • 3 beds 3 baths ∙ 1,536 Sqft ∙ Built 3 beds 3 baths ∙ 1,536 Sqft ∙ Built
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.91
    •  
  • 35 Brockmore Drive Greenville, SC 3
    • 3 beds 3 baths ∙ 1,720 Sqft ∙ Built 3 beds 3 baths ∙ 1,720 Sqft ∙ Built
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.84
    •  
  • 4 Comesee Court Greenville, SC 4
    • 4 beds 3 baths ∙ 1,795 Sqft ∙ Built 4 beds 3 baths ∙ 1,795 Sqft ∙ Built
    LEASED 11/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.83
    •  
  • 101 Boxford Court Greenville, SC 5
    • 3 beds 2 baths ∙ 1,762 Sqft ∙ Built 3 beds 2 baths ∙ 1,762 Sqft ∙ Built
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.88
    •  
PROPERTY LISTING DETAILS
Victor Amadi
1.864.525.0201
Producer Realty Llc
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1430830
Last Updated: 11/02/2020
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