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104 Oak Branch Drive Simpsonville, SC 29681

5 Beds 3 Baths - sqft Built 2006

$275,000

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $96.09
  • 3 Days on Market
  • MLS # : 1431284
  • Updated Date : 11/07/2020 at 00:06
CONSTRUCTION
  • Beds : 5
  • Floor Size : '-'
  • Baths : 2 full , 1 half
Listing Agent

Allen Tate - Greenville/simp.

Listing Agent's Description

You will LOVE all the updates in this home! Some of your favorites will be the beautiful painted cabinetry throughout, all hard surface flooring on the main level and steps leading to the second floor, large fenced in yard with no home across the street from you, and completely updated master bathroom. 104 Oak Branch Drive, Simpsonville is located in the Heritage Creek subdivision that adjoins Heritage Park. How awesome would it be to have a park with multiple sports courts, miles of walking/running/biking trails, multiple playgrounds, picnic areas, AND a working replica of a steam train only a short walk from your home in the nearby park; in ADDITION to the AWESOME neighborhood amenities this home affords. This location is also only a few minutes from I-385 access, super close to tons of shopping on Fairview Road, and the charming downtown Simpsonville area. As you enter the home, you will notice the grand two-story foyer and gleaming hardwood floors on the entire main level. The updated kitchen has been custom painted with two-toned trending colors and features tons of cabinets/counter space, an island, creamy granite, and complementary backsplash. The kitchen is open to both the breakfast area and great room with a gas log fireplace. The main floor also features a dining room with custom molding, powder room, and two additional flex areas that could be perfect for an office and playroom. As you head upstairs, you will notice the easy-care hardwood stairs. There are five bedrooms, including your master suite, a walk-in laundry room, and secondary bathroom on the second floor. The master suite is very spacious with a tray ceiling, it has a walk-in closet, and a completely updated adjoining bathroom with walk-in tiled shower, tiled surround soaking tub, separate toilet area, and dual sinks with gorgeous painted vanity and granite countertop. The almost quarter of an acre lot this home sits on is completely level, the backyard has lovely trees for shade and is completely fenced. The community amenities are located close by and there is no home situated across the street.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 29681

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $85k259k

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

Zip Code: 29681

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9171760

* 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
Bryson Elementary School Primary Regular 868 48 8
Bryson Middle School Middle Regular 1,037 59 7
Hillcrest High School High Regular 2,106 103 6

Bryson Elementary School

  • Education Level: Primary
  • # of students: 868
  • # of teachers: 48
8
GreatSchools Rating

Bryson Middle School

  • Education Level: Middle
  • # of students: 1,037
  • # of teachers: 59
7
GreatSchools Rating

Hillcrest High School

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

$247,500$302,500$275,000

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$1,015
Property Tax -$380
Property Insurance -$80
Property Management Fees -$155
CASH FLOW
$310

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.

$275,000

PROJECTED PRICE

$1,940

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.42%
Appreciation Year (1-5) 3.4%
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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,015

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

10.25

YEARS SAVED

$48,029

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,940

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $2,075

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,9403$2,400
$2,400
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 104 Oak Branch Drive Simpsonville, SC 2
    • 5 beds 3 baths ∙ 2,862 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,862 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $0.68
    •  
  • 200 Falling Spring Court Simpsonville, SC 1
    • 4 beds 3 baths ∙ 2,583 Sqft ∙ Built 4 beds 3 baths ∙ 2,583 Sqft ∙ Built
    property image
    LEASED 05/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.62
    •  
  • 27 Burge Court Simpsonville, SC 3
    • 5 beds 4 baths ∙ 2,895 Sqft ∙ Built 5 beds 4 baths ∙ 2,895 Sqft ∙ Built
    property image
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.83
    •  
PROPERTY LISTING DETAILS
Lisa Pratt
1.864.642.5514
Allen Tate - Greenville/simp.
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1431284
Last Updated: 11/07/2020
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