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919 Gordon Street Extension Greenville, SC 29611

3 Beds 2 Baths - sqft Built 1998

$135,000

List Price

$1,080

$972 - $1.2K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $120.75
  • 2 Days on Market
  • MLS # : 1431731
  • Updated Date : 11/14/2020 at 16:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 2 full
Listing Agent

Impact Realty Group - Gville

Listing Agent's Description

Do not miss out on this beautiful 3 bedroom 2 full bathroom home conveniently located near downtown Greenville with NO HOA. This home is extremely well kept with brand new LVP flooring throughout the home, fresh paint, and stainless steel appliances,walk in closet in master bedroom. Great yard for entertaining. Hurry this home will not last long!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 29611

ZipNIR Market*CityMarket2010Year2000201960k70k80k90k100k110k120k130k140k150k160k170k180kPrice in $56k190k

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

Zip Code: 29611

ZipNIR Market*CityMarket2010Year20002019 Q27008009001000110012001300Rent in $6051383

* 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
Welcome Elementary School Primary Regular 773 50 3
Tanglewood Middle School Middle Regular 592 39 2
Carolina High School High Magnet 733 51 1

Welcome Elementary School

  • Education Level: Primary
  • # of students: 773
  • # of teachers: 50
3
GreatSchools Rating

Tanglewood Middle School

  • Education Level: Middle
  • # of students: 592
  • # of teachers: 39
2
GreatSchools Rating

Carolina High School

  • Education Level: High
  • # of students: 733
  • # of teachers: 51
1
GreatSchools Rating
 

$121,500$148,500$135,000

PURCHASE PRICE

$972$1,188$1,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,080
EXPENSES Loan Payment -$498
Property Tax -$242
Property Insurance -$48
Property Management Fees -$86
CASH FLOW
$206

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.

$135,000

PROJECTED PRICE

$1,080

PROJECTED RENT

0.80%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.48%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$50k$100k$150k$200k$250k$300k$350k$400k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$41,525

INVESTMENT

$41,525

Down Payment
$33,750
Rehab Estimate
$5,750
Closing Costs
$2,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$498

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $33,750
Loan Amount $101,250
See What Happens When You Reinvest Cash Flow

11.25

YEARS SAVED

$26,853

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,080

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,107

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,050
1$1,0502$1,0803$1,250
$1,250
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 919 Gordon Street Extension Greenville, SC 2
    • 3 beds 2 baths ∙ 1,118 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,118 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,080
    • $0.97
    •  
  • 14 Garren Drive Greenville, SC 1
    • 3 beds 1 baths ∙ 1,032 Sqft ∙ Built 3 beds 1 baths ∙ 1,032 Sqft ∙ Built
    property image
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $1.02
    •  
  • 100 Carver Street Greenville, SC 3
    • 4 beds 2 baths ∙ 1,307 Sqft ∙ Built 4 beds 2 baths ∙ 1,307 Sqft ∙ Built
    property image
    LEASED 11/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.96
    •  
PROPERTY LISTING DETAILS
Ebony Paul
1.864.607.6454
Impact Realty Group - Gville
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1431731
Last Updated: 11/14/2020
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