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PROPERTY INFO
FACTS
- Single Family
- Built In 1950
- Price/Sqft : $106.91
- 2 Days on Market
- MLS # : 1433888
- Updated Date : 12/19/2020 at 01:31
CONSTRUCTION
- Beds : 3
- Floor Size : '-'
- Baths : 2 full
Listing Agent
Ponce Realty Group, Llc
Listing Agent's Description
This is a super cute Traditional Bungalow home that has received a beautiful upgrade and ready for you to move in and enjoy! This home has a brand new roof. New floors all through the home including brand new carpets in each bedroom. A glass storm door has been added for your viewing pleasures while you sit in the large living room with the gorgeous granite fireplace. The impressively large master bedroom sits on the back end of the home allowing privacy from the other two bedrooms and a very cozy master bathroom with a large garden tub to relax in. As you walk through the home, you are able to enjoy a large den with a separate kitchen area that leads you to the spacious laundry room and onto the backyard where you will have plenty of space to enjoy. There is also a closed-in patio in the backyard for entertainment or a workshop area. Call and schedule your appointment for a safe showing today!
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PRICE & RENT TRENDS
Zip Code: 29303
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 29303
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,300 |
| EXPENSES | Loan Payment | -$616 |
| Property Tax | -$367 | |
| Property Insurance | -$56 | |
| Property Management Fees | -$104 | |
|
CASH FLOW
$157
|
||
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.
$167,000
PROJECTED PRICE
$1,300
PROJECTED RENT
0.78%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.52% |
| Appreciation Year (1-5) | 4.2% |
| 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
$50,005
LOAN DETAILS
$616
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $41,750 |
| Loan Amount | $125,250 |
7.58
YEARS SAVED
$19,623
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,300
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$1,578
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
-
7123 Burnett Street Spartanburg, SC 1
- 3 beds 2 baths ∙ 1,562 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,562 Sqft ∙ Built 1950
![property image]()
- Rent
- Rent Per SQFT
- $1,300
- $0.83
-
329 Stonewood Crossing Drive Boiling Springs, SC 2
- 3 beds 2 baths ∙ 1,388 Sqft ∙ Built 3 beds 2 baths ∙ 1,388 Sqft ∙ Built
![property image]()
LEASED 05/13/20- Rent
- Rent Per SQFT
- $1,400
- $1.01
PROPERTY LISTING DETAILS
1.864.804.8748
Ponce Realty Group, Llc
1.866.250.5610
Homeunion SC LLC
21064
MLS #: 1433888
Last Updated: 12/19/2020
