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9 Vicki Circle Greenville, SC 29615

4 Beds 3 Baths - sqft Built 1960

INVESTimate

$260,000

List Price

$1,660

$1,494 - $1,826

Rent Est.

$275,600  ( +6.00%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1960
  • Price/Sqft : $98.78
  • 5 Days on Market
  • MLS # : 1425628
  • Updated Date : 08/22/2020 at 18:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : '-'
  • Baths : 2 full , 1 half
Listing Agent

Re/max Moves Simpsonville

Listing Agent's Description

Beautiful 4 bed, 2.5 bath Eastside home filled with endless character and charm! On almost half an acre, the level, fenced-in backyard is the perfect place for an evening bonfire or to enjoy your morning cup of coffee. Upgrades include a brand new HVAC (2019), gorgeous deck, storage shed, and new flooring on the lower level. Cherokee Forest is a highly-sought after neighborhood with no HOA fees zoned for award-winning schools. The current homeowners have enjoyed creating memories in this wonderful home and making lifelong friends in this quiet, established neighborhood. Schedule your showing of this Eastside gem before this home is sold!

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PRICE & RENT TRENDS

Zip Code: 29615

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $85k262k

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

Zip Code: 29615

ZipNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7911778

* 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
Northwood Middle School Middle Regular 853 50 8
Eastside High School High Regular 1,440 74 6

Lake Forest Elementary School

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

Northwood Middle School

  • Education Level: Middle
  • # of students: 853
  • # of teachers: 50
8
GreatSchools Rating

Eastside High School

  • Education Level: High
  • # of students: 1,440
  • # of teachers: 74
6
GreatSchools Rating
 

$234,000$286,000$260,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$959
Property Tax -$208
Property Insurance -$75
Property Management Fees -$133
CASH FLOW
$285

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.

$260,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.42%
Appreciation Year (1-5) 6.00%
Maintenance Year (1-5) 8.00%
Vacancy 6.12%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,650

INVESTMENT

$74,650

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$959

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $65,000
Loan Amount $195,000
See What Happens When You Reinvest Cash Flow

10.5

YEARS SAVED

$47,720

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.63

    LIST RENT PER SQFT
  • $1,770

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6503$1,6604$1,6955$1,895
$1,895
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 9 Vicki Circle Greenville, 3
    • 4 beds 3 baths ∙ 2,632 Sqft ∙ Built 1960 4 beds 3 baths ∙ 2,632 Sqft ∙ Built 1960
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.63
    •  
  • 1614 Hudson Road Greer, 1
    • 4 beds 3 baths ∙ 2,296 Sqft ∙ Built 4 beds 3 baths ∙ 2,296 Sqft ∙ Built
    property image
    LEASED 12/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.69
    •  
  • 205 Bendingwood Circle Taylors, 2
    • 4 beds 3 baths ∙ 2,358 Sqft ∙ Built 4 beds 3 baths ∙ 2,358 Sqft ∙ Built
    property image
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.70
    •  
  • 14 Dickens Lane Taylors, 4
    • 4 beds 3 baths ∙ 2,710 Sqft ∙ Built 4 beds 3 baths ∙ 2,710 Sqft ∙ Built
    property image
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.63
    •  
  • 108 Planterswood Court Greenville, 5
    • 4 beds 2 baths ∙ 2,839 Sqft ∙ Built 4 beds 2 baths ∙ 2,839 Sqft ∙ Built
    property image
    LEASED 08/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.67
    •  
PROPERTY LISTING DETAILS
Jennifer Winton
1.864.293.4470
Re/max Moves Simpsonville
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1425628
Last Updated: 08/22/2020
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