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206 Kinard Way Simpsonville, SC 29681

4 Beds 3 Baths - sqft Built 1997

$273,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $121.98
  • 4 Days on Market
  • MLS # : 1437210
  • Updated Date : 02/12/2021 at 16:47
CONSTRUCTION
  • Beds : 4
  • Floor Size : '-'
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Grv Upst

Listing Agent's Description

This meticulously maintained home in Pemberton Place is conveniently located just off of Hwy 14 in Simpsonville. It is perfectly positioned minutes from Main St in Simpsonville as well as the YMCA off of Adams Mill Rd. Pemberton Place is a hidden treasure. Pride of ownership is evident with neatly mowed yards, clean sidewalks and street lights. 206 Kinard Way is a 4 bedroom 2 1/2 bath home with a side load 2 car garage, screened in porch and fenced in yard. This home has hardwood flooring in the dining room, sitting room and den with ceramic tile in the kitchen. All bedrooms are upstairs. The newly added screened in porch is an extension of the den. Pitched ceiling with bead board and recess lights make watching the game from the porch the place where everyone wants to be!

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

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$245,700$300,300$273,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$948
Property Tax -$334
Property Insurance -$68
Property Management Fees -$133
CASH FLOW
$176

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.

$273,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.61%

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

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$78,095

INVESTMENT

$78,095

Down Payment
$68,250
Rehab Estimate
$5,750
Closing Costs
$4,095

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$948

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,250
Loan Amount $204,750
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$27,753

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,790

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6603$1,6954$2,150
$2,150
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 206 Kinard Way Simpsonville, SC 2
    • 4 beds 3 baths ∙ 2,238 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,238 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.74
    •  
  • 14 Buckhead Lane Simpsonville, SC 1
    • 5 beds 4 baths ∙ 2,310 Sqft ∙ Built 5 beds 4 baths ∙ 2,310 Sqft ∙ Built
    LEASED 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.69
    •  
  • 9 Carillon Court Simpsonville, SC 3
    • 4 beds 3 baths ∙ 2,136 Sqft ∙ Built 4 beds 3 baths ∙ 2,136 Sqft ∙ Built
    LEASED 12/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.79
    •  
  • 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
Liesel Schwab
1.864.616.4111
Keller Williams Grv Upst
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1437210
Last Updated: 02/12/2021
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