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228 Timberleaf Drive Duncan, SC 29334

4 Beds 3 Baths - sqft Built 1998

$249,900

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $84.65
  • 2 Days on Market
  • MLS # : 1430854
  • Updated Date : 11/02/2020 at 16:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : '-'
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

A+ move in ready home!! Take at look at this incredibly done 4 bedroom, 2 & ½ Bath with a Bonus room! With nearly 2800 sqft this home is waiting for you in the highly sought-after suburb of Duncan, SC in the WOODSBERRY Subdivsion!! Situated on a corner lot with a cement driveway, parking pad, and front walkway surrounded by beautiful well kept landscaping. The 2-car attached garage opens to the side of the home with easy access to the fully fenced and gated backyard. This home offers an amazing floor plan including custom tile, lush BRAND NEW carpet (in all spaces with carpet), hardwood floors, 9-foot ceilings, large cased openings, crown molding, and natural light streaming in from all angles. When you walk in you will find small den perfect for a study or additional living room area. A large formal dining room opens to the left and includes a trey ceiling, large windows and an entrance straight to the kitchen. The foyer crescendos into a stunning, great room with a 2-story vaulted ceiling. 2 stories of windows and a wide fireplace to create the perfect space for entertaining or enjoying a quiet evening by the fire. At the rear, you'll find doors that lead out to a shady screened in porch, complete with ceiling fan, that overlooks a large enclosed backyard. In the kitchen you will find a breakfast bar with an eat in breakfast area. Granite countertops throughout and stainless steel appliances. The powder room, an additional bedroom, and the garage access are also conveniently located off the kitchen. The owners suite, 2 additional bedrooms, and BONUS room are located upstairs, providing a little more privacy and noise reduction from the common spaces below. The owners suite has a trey ceiling with ceiling fan, a walk-in closet, and an abundance of windows. The owners bath has an en suite feel with a French double-door entry that reveals a spacious double-sink vanity, large garden soaker tub, and separate shower. The 2 bedrooms are equally as impressive with crown molding, additional windows, and extra-wide closets. The second upstairs bathroom is featured as a Jack n Jill style with a double-vanity. In addition to the home’s great amenities, the neighborhood has a pool and a playground. This home is just minutes from I-85 and is a short drive in either direction from the entertainment, shopping, meals, and economic development available in Greenville and Spartanburg, along with some award-winning schools!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 29334

ZipNIR Market*CityMarket2010Year2000201960k70k80k90k100k110k120k130k140k150k160k170k180kPrice in $58k186k

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

Zip Code: 29334

ZipNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400Rent in $6031407

* 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
Berry Shoals Intermediate School Primary Regular 575 42 8
Berry Shoals Intermediate School Middle Regular 575 42 8
James F. Byrnes Freshman Academy High Regular 608 32 7

Berry Shoals Intermediate School

  • Education Level: Primary
  • # of students: 575
  • # of teachers: 42
8
GreatSchools Rating

Berry Shoals Intermediate School

  • Education Level: Middle
  • # of students: 575
  • # of teachers: 42
8
GreatSchools Rating

James F. Byrnes Freshman Academy

  • Education Level: High
  • # of students: 608
  • # of teachers: 32
7
GreatSchools Rating
 

$224,910$274,890$249,900

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$922
Property Tax -$388
Property Insurance -$81
Property Management Fees -$138
CASH FLOW
$200

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$249,900

PROJECTED PRICE

$1,730

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.52%
Appreciation Year (1-5) 5.8%
Maintenance Year (1-5) 8.00%
Vacancy 7.90%
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$900k

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$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$29,521

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $0.59

    LIST RENT PER SQFT
  • $1,712

    COMP ESTIMATED VALUE
  • $0.58

    COMP AVG. RENT PER SQFT
Comps Range
$1,675
1$1,6752$1,730
$1,730
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 228 Timberleaf Drive Duncan, SC 2
    • 4 beds 3 baths ∙ 2,952 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,952 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $0.59
    •  
  • 343 Deer Chase Drive Duncan, SC 1
    • 4 beds 3 baths ∙ 2,886 Sqft ∙ Built 4 beds 3 baths ∙ 2,886 Sqft ∙ Built
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.58
    •  
PROPERTY LISTING DETAILS
Robert Ortega
1.864.315.9744
Keller Williams Realty
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1430854
Last Updated: 11/02/2020
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