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105 Birch Court Simpsonville, SC 29681

3 Beds 2 Baths - sqft Built 1970

$174,900

List Price

$1,180

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

December 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $135.37
  • 6 Days on Market
  • MLS # : 1434034
  • Updated Date : 12/22/2020 at 20:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 1 full , 1 half
Listing Agent

Keller Williams Greenville Cen

Listing Agent's Description

Simpsonville’s Beechwood Hills Community! .80 Acres!!! 3-Bed, 1 Full and 1/2 Baths, Plus Bonus Room. Lots of Natural Light Throughout. The Spacious Open Interior offers a Large Living Room with a Brick Fireplace, and Dining Room. Newer Tilt-out Thermal Windows and Vinyl Siding. New A/C. Kitchen is central to the living space and ready for your personal touch. 1 Car Garage Attached and Detached 2 Car Garage has Extra Room for Storage/Workshop. Beautiful Fenced Back Yard. You will find this location provides easy access to nearby shopping, restaurants, & quick travel to Downtown Greenville, The Airport, and Spartanburg. Schedule your private showing today!

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
Bethel Elementary School Primary Regular 991 55 9
Hillcrest Middle School Middle Regular 1,001 55 8
Hillcrest High School High Regular 2,106 103 6

Bethel Elementary School

  • Education Level: Primary
  • # of students: 991
  • # of teachers: 55
9
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
 

$157,410$192,390$174,900

PURCHASE PRICE

$1,062$1,298$1,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,180
EXPENSES Loan Payment -$645
Property Tax -$214
Property Insurance -$51
Property Management Fees -$94
CASH FLOW
$175

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.

$174,900

PROJECTED PRICE

$1,180

PROJECTED RENT

0.67%

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$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$52,099

INVESTMENT

$52,099

Down Payment
$43,725
Rehab Estimate
$5,750
Closing Costs
$2,624

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$645

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $43,725
Loan Amount $131,175
See What Happens When You Reinvest Cash Flow

9.58

YEARS SAVED

$27,996

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,180

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,184

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,180
1$1,1802$1,2003$1,3954$1,395
$1,395
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 105 Birch Court Simpsonville, SC 1
    • 3 beds 2 baths ∙ 1,292 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,292 Sqft ∙ Built 1970
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,180
    • $0.91
    •  
  • 3 Duncan Court Mauldin, SC 2
    • 3 beds 2 baths ∙ 1,305 Sqft ∙ Built 3 beds 2 baths ∙ 1,305 Sqft ∙ Built
    property image
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.92
    •  
  • 12 Avalon Court Simpsonville, SC 3
    • 3 beds 2 baths ∙ 1,555 Sqft ∙ Built 3 beds 2 baths ∙ 1,555 Sqft ∙ Built
    property image
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.90
    •  
  • 513 Timber Walk Drive Simpsonville, SC 4
    • 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 3 beds 2 baths ∙ 1,500 Sqft ∙ Built
    property image
    LEASED 09/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.93
    •  
PROPERTY LISTING DETAILS
Rick Brugger
1.864.399.0230
Keller Williams Greenville Cen
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1434034
Last Updated: 12/22/2020
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