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PROPERTY INFO
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!
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PRICE & RENT TRENDS
Zip Code: 29680
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 29680
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$77,274
LOAN DETAILS
$996
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $67,475 |
| Loan Amount | $202,425 |
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
-
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
1.864.915.4254
Bhhs C Dan Joyner - Simp
1.866.250.5610
Homeunion SC LLC
21064
MLS #: 1432466
Last Updated: 11/25/2020
