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PROPERTY INFO
FACTS
- Single Family
- Built In 2015
- Price/Sqft : $106.02
- 4 Days on Market
- MLS # : 1434104
- Updated Date : 12/26/2020 at 16:33
CONSTRUCTION
- Beds : 5
- Floor Size : '-'
- Baths : 3 full
Listing Agent
Signature Real Estate Grv
Listing Agent's Description
Are you feeling a little "cramped" after spending long periods of time at home this past year? Not enough room to work from home? Now is your chance to change all that. From the moment you enter the two story foyer of this spacious, well-maintained home, you will feel the pull of the warm, inviting open floor plan. There are many upgrades throughout the home but you will immediately notice the hardwood flooring, granite countertops, and generous sized kitchen. Whether you like to enjoy a warm fire on a cold winter's day or the summer breeze from the screened in back porch, this home was made for relaxing! The downstairs bedroom and full bath is perfect for family or guests. A gorgeous oak staircase with wrought iron balusters leads to the second floor and a large master bedroom. The master bedroom is amazing, complete with a large walk-in closet/dressing room, custom cabinets, dual vanities, automatic lighting and separate shower/garden tub. The bedroom adjacent to the master bedroom has been converted into a sitting area that can easily be utilized as an office/study, or possibly a nursery. Oversized barn doors have been installed to provide additional privacy. Two more bedrooms, another full bath and the laundry are also located upstairs. If you're looking the peace and quiet of country living but with quick and easy access to shopping, restaurants, Simpsonville and Greenville, look no further! At Reedy Springs you'll have access to the community pool and a walking path down to the river for the nature enthusiast. This home has it all, come see for yourself.
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PRICE & RENT TRENDS
Zip Code: 29605
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 29605
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,750 |
| EXPENSES | Loan Payment | -$955 |
| Property Tax | -$317 | |
| Property Insurance | -$72 | |
| Property Management Fees | -$140 | |
|
CASH FLOW
$266
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.
$258,900
PROJECTED PRICE
$1,750
PROJECTED RENT
0.68%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.16% |
| Appreciation Year (1-5) | 0.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.54% |
| 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
$74,359
LOAN DETAILS
$955
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $64,725 |
| Loan Amount | $194,175 |
9.42
YEARS SAVED
$40,407
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,750
LIST RENT -
$0.72
LIST RENT PER SQFT
-
$1,734
COMP ESTIMATED VALUE -
$0.71
COMP AVG. RENT PER SQFT
Comps Range
-
111 Moonlit Drive Greenville, SC 3
- 5 beds 3 baths ∙ 2,442 Sqft ∙ Built 2015 5 beds 3 baths ∙ 2,442 Sqft ∙ Built 2015
- Rent
- Rent Per SQFT
- $1,750
- $0.72
-
521 Barn Swallow Drive Simpsonville, SC 1
- 4 beds 3 baths ∙ 2,252 Sqft ∙ Built 4 beds 3 baths ∙ 2,252 Sqft ∙ Built
LEASED 12/14/19- Rent
- Rent Per SQFT
- $1,495
- $0.66
-
5 Phaeton Avenue Simpsonville, SC 2
- 4 beds 3 baths ∙ 2,235 Sqft ∙ Built 4 beds 3 baths ∙ 2,235 Sqft ∙ Built
LEASED 10/30/19- Rent
- Rent Per SQFT
- $1,595
- $0.71
-
10 Bittercrest Court Simpsonville, SC 4
- 4 beds 3 baths ∙ 2,369 Sqft ∙ Built 4 beds 3 baths ∙ 2,369 Sqft ∙ Built
LEASED 07/04/19- Rent
- Rent Per SQFT
- $1,795
- $0.76
PROPERTY LISTING DETAILS
1.864.304.8896
Signature Real Estate Grv
1.866.250.5610
Homeunion SC LLC
21064
MLS #: 1434104
Last Updated: 12/26/2020
