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131 Pine Forest Drive 
Easley, SC
29642
3 Beds 2 Baths - sqft
Built 1975
INVESTimate
$235,000
List Price
$68,025
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PROPERTY INFO
FACTS
- Built In 1975
- Price/Sqft : $123.29
- 3 Days on Market
- MLS # : 1425708
- Updated Date : 08/24/2020 at 16:22
CONSTRUCTION
- Beds : 3
- Floor Size : '-'
- Baths : 2 full
Listing Agent
Keller Williams Upstate Legacy
Listing Agent's Description
A quality brick ranch home with basement in Easley within walking distance to JB Red Owens Park! Over 1900 sq ft and on almost an acre lot, this home features 3 bedrooms and 2 full baths and is a perfect buy to convert to a DIY farmhouse look! The casual Great Room is warm and cozy boasting a beautiful stone wall & gas log fireplace with a vaulted ceiling complimented by wood beams. A huge asset to this home is the flexible spacious bedroom layout with 2 optional master suites each hosting a full bathroom. Bring your ideas and inspiration to the already roomy & inviting kitchen featuring quality cabinetry, beautiful laminate flooring, and breakfast area. Enjoy a second family room with plenty of space to be used as a formal living room, play room, partially as a dining room or even a home office! Many updates to this home including paint throughout, laminate flooring, new roof, new furnace and HVAC unit, replacement of water lines underneath the house, deck repainted, termite bond in place, plus more! So many possibilities available including additional space in the 900+ sq ft unfinished walk-out basement, perfect for an older child, elderly parent, or workshop! Bonus: Brand new single garage door for basement garage. From the Great Room, you have access to the back deck overlooking the beautiful backyard where you can watch the kids play. The best memories will be made down by the creek! So much fun to be had and so much creativity to be unleashed! 2 car carport in addition to the attached carport and detached workshop. Just outside the city limits! Come see what all this home has to offer!
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PRICE & RENT TRENDS
Zip Code: 29642
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 29642
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,570 |
| EXPENSES | Loan Payment | -$867 |
| Property Tax | -$234 | |
| Property Insurance | -$62 | |
| Property Management Fees | -$126 | |
|
CASH FLOW
$282
|
||
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.
$235,000
PROJECTED PRICE
$1,570
PROJECTED RENT
0.67%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.16% |
| Appreciation Year (1-5) | 3.76% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.54% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$68,025
LOAN DETAILS
$867
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $58,750 |
| Loan Amount | $176,250 |
10.5
YEARS SAVED
$43,039
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,570
LIST RENT -
$0.82
LIST RENT PER SQFT
-
$1,601
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
-
131 Pine Forest Drive Easley, 3
- 3 beds 2 baths ∙ 1,906 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,906 Sqft ∙ Built 1975
![property image]()
- Rent
- Rent Per SQFT
- $1,570
- $0.82
-
529 Kingsman Lane Easley, 1
- 3 beds 2 baths ∙ 1,572 Sqft ∙ Built 3 beds 2 baths ∙ 1,572 Sqft ∙ Built
![property image]()
LEASED 10/26/19- Rent
- Rent Per SQFT
- $1,350
- $0.86
-
369 Hamilton Parkway Easley, 2
- 4 beds 2 baths ∙ 1,834 Sqft ∙ Built 4 beds 2 baths ∙ 1,834 Sqft ∙ Built
![property image]()
LEASED 12/27/19- Rent
- Rent Per SQFT
- $1,495
- $0.82
PROPERTY LISTING DETAILS
1.864.238.9100
Keller Williams Upstate Legacy
1.866.250.5610
Homeunion SC LLC
21064
MLS #: 1425708
Last Updated: 08/24/2020
