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216 Twin Falls Drive Simpsonville, SC 29680

3 Beds 3 Baths - sqft Built 1994

$185,000

List Price

$1,290

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $138.68
  • 3 Days on Market
  • MLS # : 1431692
  • Updated Date : 11/14/2020 at 06:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 2 full , 1 half
Listing Agent

Producer Realty Llc

Listing Agent's Description

Beautiful two-story 3 bedrooms, 2.5 bathroom home with a long driveway, two-car garage, and a huge fenced backyard. Home features a large living room with a gas fireplace and crown molding, formal dining room, breakfast area, power room, and a spacious kitchen with a pantry, stainless steel stove and dishwasher, built-in microwave, and refrigerator will stay. Appliances are less than a year old. Upstairs you will find a bathroom, two additional bedrooms, and the large master bedroom that has vaulted ceilings, walk-in closet and an en-suite bathroom. There is a large deck that leads to the huge fenced backyard. The HVAC is less than 3 years old, and the water heater is 2 about years old. Neighborhood is conveniently located on Standing Springs Road just off highway 385 near the new Publix on Georgia Road. Schedule your appointment to go see this home before it is gone!

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
Greenbrier Elementary School Primary Regular 795 45 6
Hillcrest Middle School Middle Regular 1,001 55 8
Hillcrest High School High Regular 2,106 103 6

Greenbrier Elementary School

  • Education Level: Primary
  • # of students: 795
  • # of teachers: 45
6
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
 

$166,500$203,500$185,000

PURCHASE PRICE

$1,161$1,419$1,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,290
EXPENSES Loan Payment -$683
Property Tax -$230
Property Insurance -$52
Property Management Fees -$103
CASH FLOW
$223

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.

$185,000

PROJECTED PRICE

$1,290

PROJECTED RENT

0.70%

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$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

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

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$54,775

INVESTMENT

$54,775

Down Payment
$46,250
Rehab Estimate
$5,750
Closing Costs
$2,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$683

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $46,250
Loan Amount $138,750
See What Happens When You Reinvest Cash Flow

10.58

YEARS SAVED

$34,364

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,290

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,316

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,2503$1,2904$1,325
$1,325
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 216 Twin Falls Drive Simpsonville, SC 3
    • 3 beds 3 baths ∙ 1,334 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,334 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $0.97
    •  
  • 103 Denali Court Greenville, SC 1
    • 3 beds 2 baths ∙ 1,166 Sqft ∙ Built 3 beds 2 baths ∙ 1,166 Sqft ∙ Built
    property image
    LEASED 01/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.99
    •  
  • 323 S Sandy Brook Way Simpsonville, SC 2
    • 3 beds 2 baths ∙ 1,222 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,222 Sqft ∙ Built 1995
    property image
    LEASED 07/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.02
    •  
  • 121 W Fall River Way Simpsonville, SC 4
    • 3 beds 3 baths ∙ 1,392 Sqft ∙ Built 3 beds 3 baths ∙ 1,392 Sqft ∙ Built
    property image
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.95
    •  
PROPERTY LISTING DETAILS
Victor Amadi
1.864.525.0201
Producer Realty Llc
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1431692
Last Updated: 11/14/2020
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