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109 Hydrangea Way Simpsonville, SC 29681

4 Beds 3 Baths - sqft Built 2009

$299,500

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2009
  • Price/Sqft : $107.54
  • 2 Days on Market
  • MLS # : 1431296
  • Updated Date : 11/07/2020 at 15:09
CONSTRUCTION
  • Beds : 4
  • Floor Size : '-'
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Greenville Cen

Listing Agent's Description

Nothing to do but move in! This 4BR, 2.5BA home in Bennett's Grove has FRESH PAINT, NEW CARPET throughout. Step in to find 2-story foyer to see flex room/office on your right, formal living room to the left which leads into the formal dining room and on into the kitchen. In the open eat-in kitchen you'll find tall cabinets, granite counters, stainless appliances. Fridge included and as-is. Great room on main level has gas logs, leads out to deck overlooking backyard with creek and woods. Upstairs is a large master bedroom, master bath with dual sinks, separate shower, garden tub, walk-in closet. 3 more BRs and full BA offer lots of room to spread out. 2 car garage, large stand-up crawlspace, and over a 1/2 acre lot. Super location in the fast-growing Five Forks area. Close to shopping, restaurants, award winning schools, and more. Won't last long!

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
Monarch Elementary School Primary Regular 847 46 NA
Beck Academy Middle Magnet 1,014 61 9
J.l. Mann Academy High Magnet 1,718 94 7

Monarch Elementary School

  • Education Level: Primary
  • # of students: 847
  • # of teachers: 46
NA
GreatSchools Rating

Beck Academy

  • Education Level: Middle
  • # of students: 1,014
  • # of teachers: 61
9
GreatSchools Rating

J.l. Mann Academy

  • Education Level: High
  • # of students: 1,718
  • # of teachers: 94
7
GreatSchools Rating
 

$269,550$329,450$299,500

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,105
Property Tax -$384
Property Insurance -$78
Property Management Fees -$154
CASH FLOW
$199

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.

$299,500

PROJECTED PRICE

$1,920

PROJECTED RENT

0.64%

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,118

INVESTMENT

$85,118

Down Payment
$74,875
Rehab Estimate
$5,750
Closing Costs
$4,493

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,105

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,875
Loan Amount $224,625
See What Happens When You Reinvest Cash Flow

7.83

YEARS SAVED

$36,585

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,920

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,887

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,6953$1,8004$1,8505$1,920
$1,920
RENT COMPS ANALYSIS
* Sqft is provided from public sources
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PROPERTY LISTING DETAILS
Alan Swartzentruber
1.864.414.1049
Keller Williams Greenville Cen
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1431296
Last Updated: 11/07/2020
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