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22 Old Tree Court Simpsonville, SC 29681

4 Beds 3 Baths - sqft Built 2005

$264,900

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $112.34
  • 4 Days on Market
  • MLS # : 1437721
  • Updated Date : 02/18/2021 at 21:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : '-'
  • Baths : 2 full , 1 half
Listing Agent

Century 21 Blackwell & Co. Rea

Listing Agent's Description

Come see this great home, in a great location, in a great subdivision. You must see this 4 Bedroom 2.5 Bathrooms, situated on a fully fenced lot. You will be immediately impressed as you enter the two story foyer with a flex room that could be a formal dining area, office, or even a separate sitting area.There is a easy flow into the open family room that features a fireplace with gas logs and open breakfast room kitchen combination. You can exit from the breakfast area to a very private backyard with a over sized patio that is outstanding for family gathering. All bedrooms are located on the second level. The spacious master suite has trey ceilings and sitting area. The master bathroom has double sinks vanity, separate shower, garden tub, and large walk in closet.All other bedrooms on this level are spacious and has access to the hall bathroom. This home has so much to offer. Don't miss out on this great opportunity to make this house your home.

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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.
 

$238,410$291,390$264,900

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$920
Property Tax -$354
Property Insurance -$70
Property Management Fees -$126
CASH FLOW
$109

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.

$264,900

PROJECTED PRICE

$1,580

PROJECTED RENT

0.60%

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-$2.0k$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$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,949

INVESTMENT

$75,949

Down Payment
$66,225
Rehab Estimate
$5,750
Closing Costs
$3,974

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$920

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,225
Loan Amount $198,675
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$20,167

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $1,643

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$1,580
1$1,5802$1,6003$1,7954$1,800
$1,800
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 22 Old Tree Court Simpsonville, SC 1
    • 4 beds 3 baths ∙ 2,358 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,358 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.67
    •  
  • 14 Buckhead Lane Simpsonville, SC 2
    • 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
    •  
  • 10 Old Tree Court Simpsonville, SC 3
    • 4 beds 2 baths ∙ 2,679 Sqft ∙ Built 4 beds 2 baths ∙ 2,679 Sqft ∙ Built
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.67
    •  
  • 107 Summerwalk Place Simpsonville, SC 4
    • 4 beds 3 baths ∙ 2,478 Sqft ∙ Built 4 beds 3 baths ∙ 2,478 Sqft ∙ Built
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.73
    •  
PROPERTY LISTING DETAILS
Michael Jenkins
1.864.901.3435
Century 21 Blackwell & Co. Rea
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1437721
Last Updated: 02/18/2021
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