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209 Riverdale Road Simpsonville, SC 29680

4 Beds 3 Baths - sqft Built 2014

$279,900

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $118.75
  • 4 Days on Market
  • MLS # : 1434352
  • Updated Date : 01/02/2021 at 19:38
CONSTRUCTION
  • Beds : 4
  • Floor Size : '-'
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Drive

Listing Agent's Description

MASTER ON THE MAIN! Wonderful house for sale in the Simpsonville area. Very well-maintained 4 bedroom 2.5 bathrooms with an open kitchen/ living area with a super pretty fireplace. Tall super pretty ceilings. The Kitchen has a brand new granite countertops, kitchen sink & garbage disposal. The yard is very well-maintained by the current owners ( the pergola conveys with property). Come today to see this wonderful house in a well establish subdivision. If you have any questions please contact Anna Carolina Carney at 864-593-4160.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 29680

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $85k240k

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

Zip Code: 29680

ZipNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600Rent in $9171659

* 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
Robert E. Cashion Elementary School Primary Regular 694 40 5
Woodmont Middle School Middle Regular 628 38 6
Woodmont High School High Regular 1,801 89 6

Robert E. Cashion Elementary School

  • Education Level: Primary
  • # of students: 694
  • # of teachers: 40
5
GreatSchools Rating

Woodmont Middle School

  • Education Level: Middle
  • # of students: 628
  • # of teachers: 38
6
GreatSchools Rating

Woodmont High School

  • Education Level: High
  • # of students: 1,801
  • # of teachers: 89
6
GreatSchools Rating
 

$251,910$307,890$279,900

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$1,033
Property Tax -$351
Property Insurance -$70
Property Management Fees -$147
CASH FLOW
$239

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.

$279,900

PROJECTED PRICE

$1,840

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.42%
Appreciation Year (1-5) 4.7%
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

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$79,924

INVESTMENT

$79,924

Down Payment
$69,975
Rehab Estimate
$5,750
Closing Costs
$4,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,975
Loan Amount $209,925
See What Happens When You Reinvest Cash Flow

9

YEARS SAVED

$40,505

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,840

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,909

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7953$1,840
$1,840
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 209 Riverdale Road Simpsonville, SC 3
    • 4 beds 3 baths ∙ 2,357 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,357 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $0.78
    •  
  • 4 Semmelrock Drive Simpsonville, SC 1
    • 4 beds 3 baths ∙ 2,040 Sqft ∙ Built 4 beds 3 baths ∙ 2,040 Sqft ∙ Built
    LEASED 08/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.81
    •  
  • 16 Bittercrest Court Simpsonville, SC 2
    • 4 beds 3 baths ∙ 2,218 Sqft ∙ Built 4 beds 3 baths ∙ 2,218 Sqft ∙ Built
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.81
    •  
PROPERTY LISTING DETAILS
Anna Carney
1.864.593.4160
Keller Williams Drive
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1434352
Last Updated: 01/02/2021
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