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204 Fredericksburg Drive Simpsonville, SC 29681

3 Beds 2 Baths - sqft Built 1981

$189,900

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $109.52
  • 2 Days on Market
  • MLS # : 1431750
  • Updated Date : 11/14/2020 at 18:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 2 full
Listing Agent

Century 21 Blackwell & Co. Rea

Listing Agent's Description

Location, location location! This home is in the desirable Powderhorn subdivision located conveniently right off of I-385 and close to everything! Shopping, Heritage Park, Medical facilities and much, much more. In this 3 bedroom 2 bath home, the Largest bedroom is located on the main floor and the other 2 bedrooms and a full bathroom is upstairs. This home has a large family room with fireplace and new carpet, a formal dinning room and a large kitchen with breakfast area. Also energy efficient “Low E” windows with plantation shutters that make it a whole lot easier on your client’s power bill! Attic is accessible from both upper bedrooms, and covers the length of the home for tons of storage. Walk outside to the large fenced in yard that is all natural with a brand new 20x14 Deck for entertaining. The walk in crawl space has plenty of room for storage along with storage underneath the deck that has access doors on one side. Call for an appointment to see this house today!

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
Simpsonville Elementary School Primary Regular 787 43 7
Bryson Middle School Middle Regular 1,037 59 7
Hillcrest High School High Regular 2,106 103 6

Simpsonville Elementary School

  • Education Level: Primary
  • # of students: 787
  • # of teachers: 43
7
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
 

$170,910$208,890$189,900

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$701
Property Tax -$254
Property Insurance -$59
Property Management Fees -$114
CASH FLOW
$293

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.

$189,900

PROJECTED PRICE

$1,420

PROJECTED RENT

0.75%

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

PROJECTED ANNUAL CASH FLOW

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

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$56,074

INVESTMENT

$56,074

Down Payment
$47,475
Rehab Estimate
$5,750
Closing Costs
$2,849

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% 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 $47,475
Loan Amount $142,425
See What Happens When You Reinvest Cash Flow

12.08

YEARS SAVED

$41,894

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,448

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,375
1$1,3752$1,3953$1,4004$1,4205$1,595
$1,595
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 204 Fredericksburg Drive Simpsonville, SC 4
    • 3 beds 2 baths ∙ 1,734 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,734 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.82
    •  
  • 111 Goldrush Court Simpsonville, SC 1
    • 3 beds 2 baths ∙ 1,713 Sqft ∙ Built 3 beds 2 baths ∙ 1,713 Sqft ∙ Built
    LEASED 11/26/19
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    • Rent Per SQFT
    •  
    • $1,375
    • $0.80
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  • 203 Garfield Lane Greenville, SC 2
    • 4 beds 2 baths ∙ 1,620 Sqft ∙ Built 4 beds 2 baths ∙ 1,620 Sqft ∙ Built
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.86
    •  
  • 304 Tollgate Road Simpsonville, SC 3
    • 3 beds 2 baths ∙ 1,712 Sqft ∙ Built 3 beds 2 baths ∙ 1,712 Sqft ∙ Built
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    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.82
    •  
  • 609 Two Gait Lane Simpsonville, SC 5
    • 4 beds 3 baths ∙ 1,853 Sqft ∙ Built 4 beds 3 baths ∙ 1,853 Sqft ∙ Built
    LEASED 08/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.86
    •  
PROPERTY LISTING DETAILS
Suzanne Chapman
1.864.354.3233
Century 21 Blackwell & Co. Rea
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1431750
Last Updated: 11/14/2020
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