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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $127.65
- 3 Days on Market
- MLS # : 1434761
- Updated Date : 01/08/2021 at 14:41
CONSTRUCTION
- Beds : 4
- Floor Size : '-'
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Greenville Cen
Listing Agent's Description
Hard to find 4 bedroom 2.5 bath home in the heart of five forks with a large .30 acre lot that can qualify for U.S.D.A if the buyer does as well! The main floor has all vinyl flooring and the upstairs has unbelievably soft carpet. Things you will love are an extra parking pad, fenced area parking pad, covered patios in the oversized fenced back yard, and much more!
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PRICE & RENT TRENDS
Zip Code: 29681
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 29681
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,550 |
| EXPENSES | Loan Payment | -$795 |
| Property Tax | -$287 | |
| Property Insurance | -$60 | |
| Property Management Fees | -$124 | |
|
CASH FLOW
$283
|
||
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.
$229,000
PROJECTED PRICE
$1,550
PROJECTED RENT
0.68%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$66,435
LOAN DETAILS
$795
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $57,250 |
| Loan Amount | $171,750 |
10.67
YEARS SAVED
$37,337
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,550
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$1,435
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
-
110 Granary Drive Simpsonville, SC 2
- 4 beds 3 baths ∙ 1,794 Sqft ∙ Built 1999 4 beds 3 baths ∙ 1,794 Sqft ∙ Built 1999
- Rent
- Rent Per SQFT
- $1,550
- $0.86
-
107 Mercer Drive Simpsonville, SC 1
- 4 beds 3 baths ∙ 1,992 Sqft ∙ Built 4 beds 3 baths ∙ 1,992 Sqft ∙ Built
LEASED 01/15/20- Rent
- Rent Per SQFT
- $1,450
- $0.73
-
315 Karsten Creek Drive Simpsonville, SC 3
- 4 beds 3 baths ∙ 2,026 Sqft ∙ Built 4 beds 3 baths ∙ 2,026 Sqft ∙ Built
LEASED 02/27/20- Rent
- Rent Per SQFT
- $1,595
- $0.79
-
319 Karsten Creek Drive Simpsonville, SC 4
- 4 beds 3 baths ∙ 2,048 Sqft ∙ Built 4 beds 3 baths ∙ 2,048 Sqft ∙ Built
LEASED 07/17/19- Rent
- Rent Per SQFT
- $1,700
- $0.83
-
5 Red Jonathan Court Simpsonville, SC 5
- 4 beds 3 baths ∙ 2,122 Sqft ∙ Built 4 beds 3 baths ∙ 2,122 Sqft ∙ Built
LEASED 10/19/19- Rent
- Rent Per SQFT
- $1,795
- $0.85
PROPERTY LISTING DETAILS
1.864.412.6225
Keller Williams Greenville Cen
1.866.250.5610
Homeunion SC LLC
21064
MLS #: 1434761
Last Updated: 01/08/2021
