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126 Bridgeville Way Boiling Springs, SC 29316

4 Beds 2 Baths - sqft Built 2014

$249,900

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 29, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $130.70
  • 6 Days on Market
  • MLS # : 1434209
  • Updated Date : 12/29/2020 at 17:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : '-'
  • Baths : 2 full
Listing Agent

Leslie Horne & Associates

Listing Agent's Description

Fall in love with this 4 bedroom, 2 bath home that has been well loved and immaculately maintained. The great room has a corner fireplace with gas logs, crown molding, and hardwood floors that flow through the kitchen and dining area. The kitchen has stainless steel appliances, granite countertops, and a walk in pantry. The eat in dining area has wainscoting and a faux brick accent wall. Two bedrooms and a full bath are located off of the dining area. One bedroom is located off of the great room , and is currently being used as an office. The master suite is a perfect retreat. It is spacious, has a trey ceiling, and a large walk-in closet. The master bath has ceramic tile flooring, dual vanities, granite countertops, a whirlpool tub, and separate shower. This home continues to impress when you enter the back yard. There is a large screened porch that overlooks a fenced yard with patio for grilling, a built in fire pit, and goldfish pond. It is the perfect place to relax and unwind. The owner has also recently purchased solar panels, to make power bills nearly non-existent. This is one you will not want to get away! Located in a gated neighborhood, it offers a community pool, playground, and a pond. There is also a club house that can be rented for special occasions. Call today to schedule your personal viewing!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 29316

ZipNIR Market*CityMarket2010Year2000201960k70k80k90k100k110k120k130k140k150k160kPrice in $58k160k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 29316

ZipNIR Market*CityMarket2010Year20002019 Q27008009001000110012001300Rent in $6031359

* 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
James H. Hendrix Elementary School Primary Regular 771 48 6
Boiling Springs Middle School Middle Regular 1,086 65 7
Boiling Springs 9th Grade Campus High Regular 618 33 7

James H. Hendrix Elementary School

  • Education Level: Primary
  • # of students: 771
  • # of teachers: 48
6
GreatSchools Rating

Boiling Springs Middle School

  • Education Level: Middle
  • # of students: 1,086
  • # of teachers: 65
7
GreatSchools Rating

Boiling Springs 9th Grade Campus

  • Education Level: High
  • # of students: 618
  • # of teachers: 33
7
GreatSchools Rating
 

$224,910$274,890$249,900

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$922
Property Tax -$429
Property Insurance -$62
Property Management Fees -$126
CASH FLOW
$40

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$249,900

PROJECTED PRICE

$1,580

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.52%
Appreciation Year (1-5) 5.2%
Maintenance Year (1-5) 8.00%
Vacancy 7.90%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$13,053

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,453

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,580
$1,580
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 126 Bridgeville Way Boiling Springs, SC 2
    • 4 beds 2 baths ∙ 1,912 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,912 Sqft ∙ Built 2014
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.83
    •  
  • 536 Clairidge Drive Boiling Springs, SC 1
    • 4 beds 3 baths ∙ 2,052 Sqft ∙ Built 4 beds 3 baths ∙ 2,052 Sqft ∙ Built
    property image
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.76
    •  
PROPERTY LISTING DETAILS
Leslie Horne
1.864.809.3880
Leslie Horne & Associates
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1434209
Last Updated: 12/29/2020
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