Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

143 W Fall River Way Simpsonville, SC 29680

3 Beds 3 Baths - sqft Built 1992

$190,000

List Price

$1,290

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1992
  • Price/Sqft : $146.04
  • 2 Days on Market
  • MLS # : 1430900
  • Updated Date : 11/02/2020 at 21:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Greenville Cen

Listing Agent's Description

Great affordable home in a convenient location!! This one won't last long! It is a beauty. Just minutes from Simpsonville and I 385. Zoned for great schools. Outside you will love the cape cod exterior and attached garage. Inside you will love the laminate flooring, neutral paint colors, and multiple windows. The great room is the perfect spot for movie night. Cozy up by a fire on upcoming cool nights. The well equipped kitchen has an eat in area and granite counter tops. The master is on the main level and has its own full bath. The laundry is also on the main level. Upstairs there are two good sized bedrooms that share a jack and jill bathroom. The bonus room could be used as a home office, home school room or an additional sitting area. Outside you will enjoy grilling on the deck overlooking the large back yard that backs up to a creek. The neighborhood has its own trail for entertainment and exercise close to home. Call today before this one gets away!

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
Greenbrier Elementary School Primary Regular 795 45 6
Hillcrest Middle School Middle Regular 1,001 55 8
Hillcrest High School High Regular 2,106 103 6

Greenbrier Elementary School

  • Education Level: Primary
  • # of students: 795
  • # of teachers: 45
6
GreatSchools Rating

Hillcrest Middle School

  • Education Level: Middle
  • # of students: 1,001
  • # of teachers: 55
8
GreatSchools Rating

Hillcrest High School

  • Education Level: High
  • # of students: 2,106
  • # of teachers: 103
6
GreatSchools Rating
 

$171,000$209,000$190,000

PURCHASE PRICE

$1,161$1,419$1,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,290
EXPENSES Loan Payment -$701
Property Tax -$236
Property Insurance -$51
Property Management Fees -$103
CASH FLOW
$199

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.

$190,000

PROJECTED PRICE

$1,290

PROJECTED RENT

0.68%

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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$56,100

INVESTMENT

$56,100

Down Payment
$47,500
Rehab Estimate
$5,750
Closing Costs
$2,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$701

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $47,500
Loan Amount $142,500
See What Happens When You Reinvest Cash Flow

9.67

YEARS SAVED

$31,598

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,290

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,284

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,2503$1,2904$1,325
$1,325
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 143 W Fall River Way Simpsonville, SC 3
    • 3 beds 3 baths ∙ 1,301 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,301 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $0.99
    •  
  • 103 Denali Court Greenville, SC 1
    • 3 beds 2 baths ∙ 1,166 Sqft ∙ Built 3 beds 2 baths ∙ 1,166 Sqft ∙ Built
    LEASED 01/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.99
    •  
  • 323 S Sandy Brook Way Simpsonville, SC 2
    • 3 beds 2 baths ∙ 1,222 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,222 Sqft ∙ Built 1995
    LEASED 07/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.02
    •  
  • 121 W Fall River Way Simpsonville, SC 4
    • 3 beds 3 baths ∙ 1,392 Sqft ∙ Built 3 beds 3 baths ∙ 1,392 Sqft ∙ Built
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.95
    •  
PROPERTY LISTING DETAILS
Connie Rice
1.864.270.8707
Keller Williams Greenville Cen
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1430900
Last Updated: 11/02/2020
BESbswy