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18 Slow Creek Drive Simpsonville, SC 29681

3 Beds 3 Baths - sqft Built 2006

$249,900

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $105.22
  • 3 Days on Market
  • MLS # : 1433459
  • Updated Date : 12/11/2020 at 21:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 2 full , 1 half
Listing Agent

Jeff Cook Real Estate Llc

Listing Agent's Description

This beautiful brick front home, with attached 2 car garage, can be found tucked away on a high lot in the desirable Allison's Meadow neighborhood. As you enter you are greeted by an open concept floor plan with soaring ceilings, spacious rooms, and gorgeous stone floors that flow throughout the main living areas of the home. The kitchen boasts an abundance of cabinet and counter space, with a tile backsplash, beautiful granite countertops, and a large pantry. The main floor master suite features a tray ceiling, his & hers walk-in closets, and a relaxing ensuite bath with dual vanities, a soaker tub, and a separate shower. At the top of the stairs you will find a huge loft! This is the perfect spot for a second living space, home office/library, or media/game room. There are 2 additional guests rooms, with large closets for storage, and a full hall bath. The home is nestled on a wonderful lot with a fully fenced backyard and a beautiful patio that will be great for entertaining! All backing to a wooded buffer for additional privacy! Allison's Meadow is an established neighborhood that is filled with sidewalk and tree lined streets, and is conveniently located near shopping, dining, major roadways, and only minutes from area schools! This home won't last long! Schedule your showing today!

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PRICE & RENT TRENDS

Zip Code: 29681

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $85k259k

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

Zip Code: 29681

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9171760

* 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
Bethel Elementary School Primary Regular 991 55 9
Hillcrest Middle School Middle Regular 1,001 55 8
Hillcrest High School High Regular 2,106 103 6

Bethel Elementary School

  • Education Level: Primary
  • # of students: 991
  • # of teachers: 55
9
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
 

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

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$922
Property Tax -$364
Property Insurance -$71
Property Management Fees -$144
CASH FLOW
$299

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.

$249,900

PROJECTED PRICE

$1,800

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.42%
Appreciation Year (1-5) 3.4%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

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 35% 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

10.42

YEARS SAVED

$45,265

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,916

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8003$1,9954$2,150
$2,150
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 18 Slow Creek Drive Simpsonville, SC 2
    • 3 beds 3 baths ∙ 2,375 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,375 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.76
    •  
  • 107 Summerwalk Place Simpsonville, SC 1
    • 4 beds 3 baths ∙ 2,478 Sqft ∙ Built 4 beds 3 baths ∙ 2,478 Sqft ∙ Built
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.73
    •  
  • 203 Chenoweth Drive Simpsonville, SC 3
    • 3 beds 3 baths ∙ 2,576 Sqft ∙ Built 3 beds 3 baths ∙ 2,576 Sqft ∙ Built
    LEASED 08/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.77
    •  
  • 514 Spring Point Court Simpsonville, SC 4
    • 3 beds 2 baths ∙ 2,344 Sqft ∙ Built 3 beds 2 baths ∙ 2,344 Sqft ∙ Built
    LEASED 12/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.92
    •  
PROPERTY LISTING DETAILS
Jeff Cook
Jeff Cook Real Estate Llc
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1433459
Last Updated: 12/11/2020
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