Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

7 Jaben Drive Greenville, SC 29611

4 Beds 2 Baths - sqft Built 1967

$199,000

List Price

$1,230

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1967
  • Price/Sqft : $113.84
  • 28 Days on Market
  • MLS # : 1433068
  • Updated Date : 01/02/2021 at 15:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : '-'
  • Baths : 1 full , 1 half
Listing Agent

Hometown Real Estate

Listing Agent's Description

Looking for one level, with lots of SPACE? This home could be for you! 7 Jaben Dr, is located minutes from Downtown Greenville, and also minutes to Prisma Health Hospital. Enter in to a well maintained home that boasts hardwood flooring throughout most of the living area, beautiful knotty pine cabinetry, new kitchen countertops, updated full bath, and fresh paint throughout. This home offers 4 bedrooms, along with a large dining room, eat-in kitchen, cozy den with bead boarding ceiling, and rock fireplace, and a huge sunroom that you will certainly enjoy with the entire family during the upcoming holidays, and throughout the new year! Nice level backyard is fenced in for the kids or pets to play, and a large workshop awaits you for extra storage, or that workshop you've always wanted. Make your appointment today to view this one before its gone!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 29611

ZipNIR Market*CityMarket2010Year2000201960k70k80k90k100k110k120k130k140k150k160k170k180kPrice in $56k190k

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

Zip Code: 29611

ZipNIR Market*CityMarket2010Year20002019 Q27008009001000110012001300Rent in $6051383

* 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
Welcome Elementary School Primary Regular 773 50 3
Tanglewood Middle School Middle Regular 592 39 2
Carolina High School High Magnet 733 51 1

Welcome Elementary School

  • Education Level: Primary
  • # of students: 773
  • # of teachers: 50
3
GreatSchools Rating

Tanglewood Middle School

  • Education Level: Middle
  • # of students: 592
  • # of teachers: 39
2
GreatSchools Rating

Carolina High School

  • Education Level: High
  • # of students: 733
  • # of teachers: 51
1
GreatSchools Rating
 

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

PURCHASE PRICE

$1,107$1,353$1,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,230
EXPENSES Loan Payment -$734
Property Tax -$357
Property Insurance -$59
Property Management Fees -$98
CASH FLOW
-$18

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.

$199,000

PROJECTED PRICE

$1,230

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.3%
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-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

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 55% 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

3.17

YEARS SAVED

$6,337

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,230

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,259

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,045
1$1,0452$1,2303$1,295
$1,295
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 7 Jaben Drive Greenville, SC 2
    • 4 beds 2 baths ∙ 1,748 Sqft ∙ Built 1967 4 beds 2 baths ∙ 1,748 Sqft ∙ Built 1967
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,230
    • $0.70
    •  
  • 10 Dempsey Street Greenville, SC 1
    • 3 beds 1 baths ∙ 1,661 Sqft ∙ Built 3 beds 1 baths ∙ 1,661 Sqft ∙ Built
    property image
    LEASED 12/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,045
    • $0.63
    •  
  • 112 Aloha Drive Greenville, SC 3
    • 4 beds 3 baths ∙ 1,590 Sqft ∙ Built 4 beds 3 baths ∙ 1,590 Sqft ∙ Built
    property image
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.81
    •  
PROPERTY LISTING DETAILS
Tawana Porter
1.864.608.7355
Hometown Real Estate
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1433068
Last Updated: 01/02/2021
BESbswy