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110 Granary Drive Simpsonville, SC 29681

4 Beds 3 Baths - sqft Built 1999

$229,000

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
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!

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
Bells Crossing Elementary School Primary Regular 955 53 9
Riverside Middle School Middle Regular 1,130 63 10
Mauldin High School High Regular 2,240 108 8

Bells Crossing Elementary School

  • Education Level: Primary
  • # of students: 955
  • # of teachers: 53
9
GreatSchools Rating

Riverside Middle School

  • Education Level: Middle
  • # of students: 1,130
  • # of teachers: 63
10
GreatSchools Rating

Mauldin High School

  • Education Level: High
  • # of students: 2,240
  • # of teachers: 108
8
GreatSchools Rating
 

$206,100$251,900$229,000

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

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

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$700k$800k

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$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,435

INVESTMENT

$66,435

Down Payment
$57,250
Rehab Estimate
$5,750
Closing Costs
$3,435

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$795

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $57,250
Loan Amount $171,750
See What Happens When You Reinvest Cash Flow

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
$1,450
1$1,4502$1,5503$1,5954$1,7005$1,795
$1,795
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 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
Tracy Roberts
1.864.412.6225
Keller Williams Greenville Cen
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1434761
Last Updated: 01/08/2021
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