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140 Saint John's Street Simpsonville, SC 29680

3 Beds 3 Baths - sqft Built 2006

$269,900

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 25, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $122.13
  • 5 Days on Market
  • MLS # : 1432466
  • Updated Date : 11/25/2020 at 15:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 2 full , 1 half
Listing Agent

Bhhs C Dan Joyner - Simp

Listing Agent's Description

WELCOME HOME! You will fall in love with this MOVE IN READY HOME located in the Gated Community of RiverShoals. LOCATION! LOCATION! This home is minutes from Downtown Simpsonville, Shopping, Physician Office's, Great Restaurants, Health Clubs, and minutes from 385. This 3 bedroom, 2.5 bath ranch home is a rare find and you will fall in love as soon as you pull in the driveway. Entering the home you will be greeted with an amazing foyer with accented columns, beautiful floors, open concept living area, and a spacious upstairs bonus room for extra living space. The kitchen has all stainless appliances, beautiful cabinets, under cabinet lighting, large pantry, and plenty of counter space to accommodate all your cooking needs. Open to the kitchen you will fall in love with the living room space that offers a fireplace with gas logs for all your cozy nights. This home delivers a split floor plan for all the privacy you will need. The oversized master bedroom is located on the main floor and is spacious with plenty of square footage to slip off for a little quiet time and relaxation. The master also delivers two separate walk in closets, a double vanity, garden tub, and separate shower. The main level also delivers 2 more bedrooms that are joined together by a jack n jill bathroom. This home also offers an formal dining room, breakfast nook and large laundry room. And if you need a cozy spot for your morning coffee we have you covered! Located off the back of the house you will find an amazing screened in porch with views of a beautiful private lot. This screened in porch will have you falling in LOVE! This neighborhood also delivers great amenities such as a community pool, playground, side walks and street lights throughout. Don't miss out on this beautiful jewel! Let's make this your FOREVER HOME! Call today for your private showing!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 29680

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $85k240k

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

Zip Code: 29680

ZipNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600Rent in $9171659

* 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
 

$242,910$296,890$269,900

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$996
Property Tax -$338
Property Insurance -$68
Property Management Fees -$122
CASH FLOW
$6

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.

$269,900

PROJECTED PRICE

$1,530

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.42%
Appreciation Year (1-5) 4.7%
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$77,274

INVESTMENT

$77,274

Down Payment
$67,475
Rehab Estimate
$5,750
Closing Costs
$4,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,475
Loan Amount $202,425
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$14,829

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,547

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4953$1,5304$1,5505$1,595
$1,595
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 140 Saint John's Street Simpsonville, SC 3
    • 3 beds 3 baths ∙ 2,210 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,210 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.69
    •  
  • 601 Barn Swallow Drive Simpsonville, SC 1
    • 3 beds 3 baths ∙ 1,936 Sqft ∙ Built 3 beds 3 baths ∙ 1,936 Sqft ∙ Built
    property image
    LEASED 07/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.72
    •  
  • 521 Barn Swallow Drive Simpsonville, SC 2
    • 4 beds 3 baths ∙ 2,252 Sqft ∙ Built 4 beds 3 baths ∙ 2,252 Sqft ∙ Built
    property image
    LEASED 12/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.66
    •  
  • 3 Red Robin Court Simpsonville, SC 4
    • 3 beds 3 baths ∙ 2,186 Sqft ∙ Built 3 beds 3 baths ∙ 2,186 Sqft ∙ Built
    property image
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.71
    •  
  • 5 Phaeton Avenue Simpsonville, SC 5
    • 4 beds 3 baths ∙ 2,235 Sqft ∙ Built 4 beds 3 baths ∙ 2,235 Sqft ∙ Built
    property image
    LEASED 10/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.71
    •  
PROPERTY LISTING DETAILS
Dina Elm
1.864.915.4254
Bhhs C Dan Joyner - Simp
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1432466
Last Updated: 11/25/2020
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