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200 Chariot Lane Simpsonville, SC 29681

4 Beds 3 Baths - sqft Built 1995

$275,000

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $95.62
  • 2 Days on Market
  • MLS # : 1432988
  • Updated Date : 12/05/2020 at 01:43
CONSTRUCTION
  • Beds : 4
  • Floor Size : '-'
  • Baths : 3 full
Listing Agent

Allen Tate - Greenville/simp.

Listing Agent's Description

This lovely two-story home in the heart of the Five Forks/Simpsonville area is just waiting for new memories to be made! 200 Chariot Lane, Simpsonville is more than 2,800+/- square feet with 4 bedrooms, 3 full baths and several flex areas inside. The current owners just installed all new hard surface flooring on the majority of the first floor and brand-new, upgraded carpet on the second story. The home’s windows, HVAC units, water heater, and roof were also all replaced during ownership. Some of your favorite features of this home will be the over-sized, side-entry garage, the home’s layout/flow, the ability to cook in the kitchen and have a clear view into the great room, the sense of community and low home owner’s association dues within the Squires Creek neighborhood, and the large open backyard. The first floor of this home features a bright/white kitchen, breakfast area with windows overlooking a gorgeous Japanese Maple, sunken great room with vaulted ceilings and traditional brick fireplace, dining room, first floor flex space, laundry area, and a first floor (secondary) bedroom and full bath. The second-floor includes the master bedroom with large walk-in closet, double vanity, separate shower, and jetted soaking tub, two additional bedrooms with another full bathroom, and a HUGE bonus room. The zoned schools for this home are highly rated and it is just waiting for new owners to make it their own!

SEE MORE

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
Monarch Elementary School Primary Regular 847 46 NA
Mauldin Middle School Middle Regular 1,090 65 8
Mauldin High School High Regular 2,240 108 8

Monarch Elementary School

  • Education Level: Primary
  • # of students: 847
  • # of teachers: 46
NA
GreatSchools Rating

Mauldin Middle School

  • Education Level: Middle
  • # of students: 1,090
  • # of teachers: 65
8
GreatSchools Rating

Mauldin High School

  • Education Level: High
  • # of students: 2,240
  • # of teachers: 108
8
GreatSchools Rating
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,015
Property Tax -$339
Property Insurance -$80
Property Management Fees -$154
CASH FLOW
$333

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.

$275,000

PROJECTED PRICE

$1,920

PROJECTED RENT

0.70%

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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

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$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,015

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

10.67

YEARS SAVED

$51,753

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,920

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $2,056

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,920
1$1,9202$1,9953$1,9954$1,9995$2,000
$2,000
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 200 Chariot Lane Simpsonville, SC 1
    • 4 beds 3 baths ∙ 2,876 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,876 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $0.67
    •  
  • 203 Chenoweth Drive Simpsonville, SC 2
    • 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
    •  
  • 18 Shadowrock Court Simpsonville, SC 3
    • 4 beds 3 baths ∙ 2,806 Sqft ∙ Built 4 beds 3 baths ∙ 2,806 Sqft ∙ Built
    LEASED 11/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.71
    •  
  • 508 Heather Grove Court Simpsonville, SC 4
    • 4 beds 3 baths ∙ 2,852 Sqft ∙ Built 4 beds 3 baths ∙ 2,852 Sqft ∙ Built
    LEASED 05/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $0.70
    •  
  • 101 Chenoweth Drive Simpsonville, SC 5
    • 3 beds 3 baths ∙ 2,943 Sqft ∙ Built 3 beds 3 baths ∙ 2,943 Sqft ∙ Built
    LEASED 09/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.68
    •  
PROPERTY LISTING DETAILS
Lisa Pratt
1.864.642.5514
Allen Tate - Greenville/simp.
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1432988
Last Updated: 12/05/2020
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