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10 Huntley Court Simpsonville, SC 29680

3 Beds 2 Baths - sqft Built 2000

$195,000

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $108.76
  • 3 Days on Market
  • MLS # : 1435804
  • Updated Date : 01/23/2021 at 01:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 2 full
Listing Agent

Re/max Moves Fountain Inn

Listing Agent's Description

This one will not last long! Do not miss this cozy single level, 3 Bedroom split floorplan home. The kitchen features beautiful granite counter tops and durable ceramic tile. The master bedroom is perfect with en-suite bath and walk-in closet. This property is located in Simpsonville and has easy access to 385 and is a short distance to the new grocery store and shops on Georgia Road.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 29680

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $85k240k

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

Zip Code: 29680

ZipNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600Rent in $9171659

* 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
Greenbrier Elementary School Primary Regular 795 45 6
Hillcrest Middle School Middle Regular 1,001 55 8
Hillcrest High School High Regular 2,106 103 6

Greenbrier Elementary School

  • Education Level: Primary
  • # of students: 795
  • # of teachers: 45
6
GreatSchools Rating

Hillcrest Middle School

  • Education Level: Middle
  • # of students: 1,001
  • # of teachers: 55
8
GreatSchools Rating

Hillcrest High School

  • Education Level: High
  • # of students: 2,106
  • # of teachers: 103
6
GreatSchools Rating
 

$175,500$214,500$195,000

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$677
Property Tax -$239
Property Insurance -$60
Property Management Fees -$114
CASH FLOW
$330

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.

$195,000

PROJECTED PRICE

$1,420

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.42%
Appreciation Year (1-5) 4.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.12%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

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

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$57,425

INVESTMENT

$57,425

Down Payment
$48,750
Rehab Estimate
$5,750
Closing Costs
$2,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$677

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $48,750
Loan Amount $146,250
See What Happens When You Reinvest Cash Flow

12.58

YEARS SAVED

$39,596

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,452

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,420
1$1,4202$1,4253$1,4954$1,500
$1,500
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 10 Huntley Court Simpsonville, SC 1
    • 3 beds 2 baths ∙ 1,793 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,793 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.79
    •  
  • 202 Shale Court Greenville, SC 2
    • 3 beds 3 baths ∙ 1,720 Sqft ∙ Built 3 beds 3 baths ∙ 1,720 Sqft ∙ Built
    property image
    LEASED 07/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.83
    •  
  • 5 Sawtooth Court Simpsonville, SC 3
    • 3 beds 3 baths ∙ 1,974 Sqft ∙ Built 3 beds 3 baths ∙ 1,974 Sqft ∙ Built
    property image
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.76
    •  
  • 21 Poplar Springs Drive Mauldin, SC 4
    • 4 beds 3 baths ∙ 1,790 Sqft ∙ Built 4 beds 3 baths ∙ 1,790 Sqft ∙ Built
    property image
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.84
    •  
PROPERTY LISTING DETAILS
Paul Rogers
1.864.714.9898
Re/max Moves Fountain Inn
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1435804
Last Updated: 01/23/2021
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