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1715 Sweet Apple Court Fountain Inn, SC 29644

3 Beds 2 Baths - sqft Built 2001

INVESTimate

$174,000

List Price

$1,280

$1,152 - $1,408

Rent Est.

$179,672  ( +3.26%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $122.54
  • 2 Days on Market
  • MLS # : 1425762
  • Updated Date : 08/25/2020 at 00:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 2 full
Listing Agent

Re/max Moves Simpsonville

Listing Agent's Description

Welcome home to 1715 Sweet Apple Court in Country Gardens neighborhood! Ranch style | 3 bedrooms | 2 full bathrooms | open floor plan | walk in closets | back patio w/ fenced in backyard | 2 car garage | USDA financing may be available | come see it before it's gone!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 29644

ZipNIR Market*CityMarket2010Year2000201980k90k100k110k120k130k140k150k160kPrice in $74k169k

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

Zip Code: 29644

ZipNIR Market*CityMarket2010Year20002019 Q2800850900950100010501100115012001250Rent in $7951261

* 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
Bryson Elementary School Primary Regular 868 48 8
Bryson Middle School Middle Regular 1,037 59 7
Hillcrest High School High Regular 2,106 103 6

Bryson Elementary School

  • Education Level: Primary
  • # of students: 868
  • # of teachers: 48
8
GreatSchools Rating

Bryson Middle School

  • Education Level: Middle
  • # of students: 1,037
  • # of teachers: 59
7
GreatSchools Rating

Hillcrest High School

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

$156,600$191,400$174,000

PURCHASE PRICE

$1,152$1,408$1,280

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,280
EXPENSES Loan Payment -$642
Property Tax -$258
Property Insurance -$53
Property Management Fees -$102
CASH FLOW
$225

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$174,000

PROJECTED PRICE

$1,280

PROJECTED RENT

0.74%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.16%
Appreciation Year (1-5) 3.26%
Maintenance Year (1-5) 8.00%
Vacancy 6.54%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$51,860

INVESTMENT

$51,860

Down Payment
$43,500
Rehab Estimate
$5,750
Closing Costs
$2,610

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$642

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $43,500
Loan Amount $130,500
See What Happens When You Reinvest Cash Flow

10.42

YEARS SAVED

$31,381

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,280

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,328

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,280
1$1,2802$1,3953$1,395
$1,395
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 1715 Sweet Apple Court Fountain Inn, 1
    • 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,280
    • $0.90
    •  
  • 506 Garrett Street Fountain Inn, 2
    • 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 3 beds 2 baths ∙ 1,480 Sqft ∙ Built
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.94
    •  
  • 107 Siloam Lane Fountain Inn, 3
    • 3 beds 2 baths ∙ 1,494 Sqft ∙ Built 3 beds 2 baths ∙ 1,494 Sqft ∙ Built
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.93
    •  
PROPERTY LISTING DETAILS
Danielle Owens
1.864.608.8248
Re/max Moves Simpsonville
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1425762
Last Updated: 08/25/2020
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