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115 Shefleys Road Road Simpsonville, SC 29681

3 Beds 2 Baths - sqft Built 2012

$272,000

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $133.40
  • 6 Days on Market
  • MLS # : 1431930
  • Updated Date : 11/19/2020 at 18:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 2 full
Listing Agent

Greer Real Estate Company

Listing Agent's Description

Come and see this beautiful three-bedroom, two bath Ranch home. The home features: Brick accents, the open floor plan with high ceilings throughout the home allows for easy entertaining and the split bedroom plan is perfect for privacy for guests or children. The kitchen features New Dishwasher and Microwave, with a pantry granite counter tops and lots of cabinet space. New laminate floors in the living entry way and the two front bedrooms. There are ceiling fans in all the bedrooms. The large master bedroom has high ceilings, walk in closet and a great sitting area. Master Bath has double sinks, garden tub and a separate shower. The upstairs bonus room is a great place for a man cave, media room or playroom. There is a fenced back yard with a covered porch for barbecue and entertaining. There is a community pool, playground and Library. All this in the sought-after Lansdowne at Remington subdivision. Close to restaurants, shopping etc.

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
Ellen Woodside Elementary School Primary Regular 643 35 6
Woodmont Middle School Middle Regular 628 38 6
Woodmont High School High Regular 1,801 89 6

Ellen Woodside Elementary School

  • Education Level: Primary
  • # of students: 643
  • # of teachers: 35
6
GreatSchools Rating

Woodmont Middle School

  • Education Level: Middle
  • # of students: 628
  • # of teachers: 38
6
GreatSchools Rating

Woodmont High School

  • Education Level: High
  • # of students: 1,801
  • # of teachers: 89
6
GreatSchools Rating
 

$244,800$299,200$272,000

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$1,004
Property Tax -$341
Property Insurance -$65
Property Management Fees -$126
CASH FLOW
$35

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.

$272,000

PROJECTED PRICE

$1,570

PROJECTED RENT

0.58%

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-$2.0k$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$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,830

INVESTMENT

$77,830

Down Payment
$68,000
Rehab Estimate
$5,750
Closing Costs
$4,080

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,004

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,000
Loan Amount $204,000
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$17,777

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,601

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5703$1,6004$1,6005$1,795
$1,795
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 115 Shefleys Road Road Simpsonville, SC 2
    • 3 beds 2 baths ∙ 2,039 Sqft ∙ Built 2012 3 beds 2 baths ∙ 2,039 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $0.77
    •  
  • 307 Plamondon Drive Simpsonville, SC 1
    • 3 beds 3 baths ∙ 2,036 Sqft ∙ Built 3 beds 3 baths ∙ 2,036 Sqft ∙ Built
    LEASED 11/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.76
    •  
  • 3 Moss Spring Court Simpsonville, SC 3
    • 3 beds 3 baths ∙ 1,961 Sqft ∙ Built 3 beds 3 baths ∙ 1,961 Sqft ∙ Built
    LEASED 08/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.82
    •  
  • 10 Indian Laurel Court Simpsonville, SC 4
    • 4 beds 3 baths ∙ 2,124 Sqft ∙ Built 4 beds 3 baths ∙ 2,124 Sqft ∙ Built
    LEASED 11/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.75
    •  
  • 16 Bittercrest Court Simpsonville, SC 5
    • 4 beds 3 baths ∙ 2,218 Sqft ∙ Built 4 beds 3 baths ∙ 2,218 Sqft ∙ Built
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.81
    •  
PROPERTY LISTING DETAILS
Kristina Hannu
1.864.640.7303
Greer Real Estate Company
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1431930
Last Updated: 11/19/2020
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