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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $96.10
- 3 Days on Market
- MLS # : 1437806
- Updated Date : 02/19/2021 at 21:21
CONSTRUCTION
- Beds : 4
- Floor Size : '-'
- Baths : 3 full
Listing Agent
The Marchant Company Inc
Listing Agent's Description
Great deal on a 4 bedroom 3 full bath ranch home just a few miles outside the City of Simpsonville on a nice .26 acre lot on a cul-de-sac street. Wonderful home for a large family and perfect for investors to own as a rental to accommodate a large family. It features an open floor plan with large great room(19x17) with vaulted ceiling opening to kitchen and breakfast area – plenty of room for breakfast table. It has a nice back yard perfect for entertaining/grilling with family and friends. All kitchen appliances convey. Master bedroom is spacious with large walk-in closet with a private bath featuring dual sinks and tub-shower combo. The other 3 bedrooms are all nice sizes and one has its own private bath too. The split floor plan gives space for everyone. Home has been professionally cleaned. There is a pull-down attic for additional storage space. HOA fee is only $280 annually. There is a $150 transfer fee to be split between buyer and seller. Covenants have been added in Associated Documents – buyer to verify these covenants are accurate and up to date with no past or recent amendments. Convenient to downtown Simpsonville, highways, airport, restaurants, shopping, etc. Seller has completed lots of updates and some pre-inspections too. Recent updates include: most of interior home painted February 2021, including front door and front shutters, new architectural roof December 2019 with transferable warranty, new carpet/padding throughout, new vinyl in hall bath and one other bath, some rotted trim around outside doors replaced and painted, some new downspouts, heating and AC serviced, new thermostat, new exhaust fan in master bathroom, new stove hood/vent, all smoke detectors tested or replaced, and pressure washing of entire exterior of home, including driveway, walkway, and front stoop February 2021. If square footage is important to buyer, buyer must verify. At this price with all these recent updates and approximately 1715 sq. ft. this home will not last long. Great investment property! Professionally cleaned prior to listing it so it is move-in ready!
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PRICE & RENT TRENDS
Zip Code: 29681
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 29681
* 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.
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,350 |
| EXPENSES | Loan Payment | -$573 |
| Property Tax | -$221 | |
| Property Insurance | -$59 | |
| Property Management Fees | -$108 | |
|
CASH FLOW
$390
|
||
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.
$164,900
PROJECTED PRICE
$1,350
PROJECTED RENT
0.82%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$49,449
LOAN DETAILS
$573
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $41,225 |
| Loan Amount | $123,675 |
14.75
YEARS SAVED
$40,520
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,350
LIST RENT -
$0.79
LIST RENT PER SQFT
-
$1,313
COMP ESTIMATED VALUE -
$0.76
COMP AVG. RENT PER SQFT
Comps Range
-
221 Cornerstone Court Simpsonville, SC 2
- 4 beds 3 baths ∙ 1,716 Sqft ∙ Built 2001 4 beds 3 baths ∙ 1,716 Sqft ∙ Built 2001
![property image]()
- Rent
- Rent Per SQFT
- $1,350
- $0.79
-
207 Cornerstone Court Simpsonville, SC 1
- 4 beds 3 baths ∙ 1,716 Sqft ∙ Built 4 beds 3 baths ∙ 1,716 Sqft ∙ Built
![property image]()
LEASED 10/19/20- Rent
- Rent Per SQFT
- $1,195
- $0.70
-
111 Goldrush Court Simpsonville, SC 3
- 3 beds 2 baths ∙ 1,713 Sqft ∙ Built 3 beds 2 baths ∙ 1,713 Sqft ∙ Built
![property image]()
LEASED 11/26/19- Rent
- Rent Per SQFT
- $1,375
- $0.80
-
21 Hartwell Drive Simpsonville, SC 4
- 4 beds 2 baths ∙ 1,831 Sqft ∙ Built 4 beds 2 baths ∙ 1,831 Sqft ∙ Built
![property image]()
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,400
- $0.76
-
17 Brookhaven Way Simpsonville, SC 5
- 3 beds 2 baths ∙ 1,873 Sqft ∙ Built 3 beds 2 baths ∙ 1,873 Sqft ∙ Built
![property image]()
LEASED 06/25/20- Rent
- Rent Per SQFT
- $1,495
- $0.80
PROPERTY LISTING DETAILS
1.864.420.0009
The Marchant Company Inc
1.866.250.5610
Homeunion SC LLC
21064
MLS #: 1437806
Last Updated: 02/19/2021
