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822 Mosteller Drive Greer, SC 29651

3 Beds 2 Baths - sqft Built 1965

$179,500

List Price

$1,220

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1965
  • Price/Sqft : $132.28
  • 2 Days on Market
  • MLS # : 1432561
  • Updated Date : 11/29/2020 at 01:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 2 full
Listing Agent

Grace Real Estate Llc

Listing Agent's Description

Adorable ranch style bungalow on almost a half acre lot in a great location, convenient to downtown Greer. The home has a charming curved fireplace with wood burning stove in the breakfast nook, and hardwood floors throughout with ceramic tile in the bathrooms and carpet in the master bedroom. The level backyard is fenced and backs up to a pasture for loads of privacy! Kitchen was remodeled in 2018 with new cabinets, counters, and appliances. The owner has also added a large deck and replaced all of the windows with energy-efficient, tilt-out design. In addition, new HVAC was installed in 2019.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 29651

ZipNIR Market*CityMarket2010Year2000201980k90k100k110k120k130k140k150k160k170k180k190k200k210kPrice in $79k217k

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

Zip Code: 29651

ZipNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9171558

* 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
Crestview Elementary School Primary Regular 644 37 6
Greer Middle School Middle Regular 957 57 6
Greer High School High Regular 1,172 61 6

Crestview Elementary School

  • Education Level: Primary
  • # of students: 644
  • # of teachers: 37
6
GreatSchools Rating

Greer Middle School

  • Education Level: Middle
  • # of students: 957
  • # of teachers: 57
6
GreatSchools Rating

Greer High School

  • Education Level: High
  • # of students: 1,172
  • # of teachers: 61
6
GreatSchools Rating
 

$161,550$197,450$179,500

PURCHASE PRICE

$1,098$1,342$1,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,220
EXPENSES Loan Payment -$662
Property Tax -$217
Property Insurance -$52
Property Management Fees -$98
CASH FLOW
$191

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.

$179,500

PROJECTED PRICE

$1,220

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.16%
Appreciation Year (1-5) 4.1%
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$600k

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$500k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$53,318

INVESTMENT

$53,318

Down Payment
$44,875
Rehab Estimate
$5,750
Closing Costs
$2,693

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$662

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $44,875
Loan Amount $134,625
See What Happens When You Reinvest Cash Flow

9.5

YEARS SAVED

$28,507

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,220

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,330

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,220
1$1,2202$1,395
$1,395
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 822 Mosteller Drive Greer, SC 1
    • 3 beds 2 baths ∙ 1,357 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,357 Sqft ∙ Built 1965
    • Rent
    • Rent Per SQFT
    •  
    • $1,220
    • $0.90
    •  
  • 169 Maximus Drive Greer, SC 2
    • 3 beds 2 baths ∙ 1,429 Sqft ∙ Built 3 beds 2 baths ∙ 1,429 Sqft ∙ Built
    LEASED 09/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.98
    •  
PROPERTY LISTING DETAILS
Barbara Gilbert
1.864.363.3051
Grace Real Estate Llc
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1432561
Last Updated: 11/29/2020
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