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758 Maya Street Boiling Springs, SC 29316

3 Beds 3 Baths - sqft Built 2016

$274,900

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 2016
  • Price/Sqft : $127.74
  • 5 Days on Market
  • MLS # : 1431063
  • Updated Date : 11/04/2020 at 20:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Caine Real Est

Listing Agent's Description

Gorgeous and move-in ready in desirable Glen Lake Gated Community! Located in the Heart of Boiling Springs, in the award-winning District 2 school system. Glen Lake has so many amenities including a clubhouse with an Olympic size pool, playground, and a fully stocked lake with a dock. This home features 3 bedrooms and 2.5 baths and a large Bonus room 14 x 22 that could be used for the 4th bedroom. As you enter the foyer, you have the office to the left, and your 2nd and 3rd bedrooms off to the right the rooms are very spacious with nice size closets. The full bathroom in between them has a Granite vanity, tub/shower combo, and ceramic tile flooring. The Great room is huge with hardwood flooring throughout, a gas logs fireplace, high ceiling with rope lighting. The Dining room is very spacious and open to this area. The Gourmet kitchen has a center island, granite countertops, and all stainless-steel appliances. The breakfast room overlooks the back patio with plenty of rooms for the kids or dogs to play. The Master bedroom has trey ceilings with rope lighting, the master bath comes with double sinks, a whirlpool tub, a separate shower, and a walk-in closet. The laundry room is spacious with ceramic tile flooring. Located centrally in the neighborhood, this home has excellent curb appeal. Call today for your showing!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 29316

ZipNIR Market*CityMarket2010Year2000201960k70k80k90k100k110k120k130k140k150k160kPrice in $58k160k

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

Zip Code: 29316

ZipNIR Market*CityMarket2010Year20002019 Q27008009001000110012001300Rent in $6031359

* 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
James H. Hendrix Elementary School Primary Regular 771 48 6
Boiling Springs Middle School Middle Regular 1,086 65 7
Boiling Springs 9th Grade Campus High Regular 618 33 7

James H. Hendrix Elementary School

  • Education Level: Primary
  • # of students: 771
  • # of teachers: 48
6
GreatSchools Rating

Boiling Springs Middle School

  • Education Level: Middle
  • # of students: 1,086
  • # of teachers: 65
7
GreatSchools Rating

Boiling Springs 9th Grade Campus

  • Education Level: High
  • # of students: 618
  • # of teachers: 33
7
GreatSchools Rating
 

$247,410$302,390$274,900

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$1,014
Property Tax -$472
Property Insurance -$67
Property Management Fees -$132
CASH FLOW
-$35

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.

$274,900

PROJECTED PRICE

$1,650

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$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$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,599

INVESTMENT

$78,599

Down Payment
$68,725
Rehab Estimate
$5,750
Closing Costs
$4,124

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,014

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,725
Loan Amount $206,175
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$8,233

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,636

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,650
$1,650
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 758 Maya Street Boiling Springs, SC 2
    • 3 beds 3 baths ∙ 2,152 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,152 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.77
    •  
  • 536 Clairidge Drive Boiling Springs, SC 1
    • 4 beds 3 baths ∙ 2,052 Sqft ∙ Built 4 beds 3 baths ∙ 2,052 Sqft ∙ Built
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.76
    •  
PROPERTY LISTING DETAILS
Donna Morrow
1.864.542.4082
Coldwell Banker Caine Real Est
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1431063
Last Updated: 11/04/2020
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