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9 Bahan Circle Taylors, SC 29687

3 Beds 2 Baths - sqft Built 1965

$229,000

List Price

$1,200

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1965
  • Price/Sqft : $177.80
  • 25 Days on Market
  • MLS # : 1435627
  • Updated Date : 02/13/2021 at 19:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 2 full
Listing Agent

Longboat Group, Inc

Listing Agent's Description

NEW PRICE! AND UP TO $3,000 in buyer closing costs, given as a credit at close, with an accepted offer...From the moment you pull into 9 Bahan, you will be captivated by the large wraparound porch. Spend peaceful afternoons relaxing and enjoying the quiet neighborhood with your favorite book….Step inside and you are welcomed to a fully renovated open-floor plan - featuring granite countertops in the kitchen, tile in the baths, new fixtures, paint, hvac and ductwork, and more….The great room features a newly installed vintage wood mantel, perfect to decorate for any occasion… Coming home from work, enter through the back porch door and you are welcomed into a custom mudroom, walk-in pantry and large laundry area…Custom built-ins in the second bedroom make this home as move-in-ready as possible…Many homes on Bahan Circle have recently been updated, making the circle a community within itself…Only 5 minutes from downtown Greenville, you can easily enjoy the perks of city life, without paying city prices. Schedule your showing today!

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PRICE & RENT TRENDS

Zip Code: 29687

ZipNIR Market*CityMarket2010Year2000201980k90k100k110k120k130k140k150k160k170k180k190kPrice in $79k199k

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

Zip Code: 29687

ZipNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400Rent in $8681413

* 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
Lake Forest Elementary School Primary Regular 828 47 5
Sevier Middle School Middle Regular 628 38 7
Wade Hampton High School High Regular 1,656 84 7

Lake Forest Elementary School

  • Education Level: Primary
  • # of students: 828
  • # of teachers: 47
5
GreatSchools Rating

Sevier Middle School

  • Education Level: Middle
  • # of students: 628
  • # of teachers: 38
7
GreatSchools Rating

Wade Hampton High School

  • Education Level: High
  • # of students: 1,656
  • # of teachers: 84
7
GreatSchools Rating
 

$206,100$251,900$229,000

PURCHASE PRICE

$1,080$1,320$1,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,200
EXPENSES Loan Payment -$795
Property Tax -$350
Property Insurance -$51
Property Management Fees -$96
CASH FLOW
-$92

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.

$229,000

PROJECTED PRICE

$1,200

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.16%
Appreciation Year (1-5) 5.4%
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-$4.0k-$2.0k$0.0$2.0k$4.0k

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$66,435

INVESTMENT

$66,435

Down Payment
$57,250
Rehab Estimate
$5,750
Closing Costs
$3,435

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$795

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $57,250
Loan Amount $171,750
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$2,629

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,200

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,069

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,2003$1,350
$1,350
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 9 Bahan Circle Taylors, SC 2
    • 3 beds 2 baths ∙ 1,288 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,288 Sqft ∙ Built 1965
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.93
    •  
  • 9 Linnet Drive Greenville, SC 1
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 3 beds 2 baths ∙ 1,400 Sqft ∙ Built
    LEASED 08/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.82
    •  
  • 1 Greenview Drive Greenville, SC 3
    • 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 3 beds 2 baths ∙ 1,610 Sqft ∙ Built
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.84
    •  
PROPERTY LISTING DETAILS
Keri Griffin
1.703.622.6482
Longboat Group, Inc
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1435627
Last Updated: 02/13/2021
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