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23 Belle Oaks Drive Simpsonville, SC 29680

3 Beds 3 Baths - sqft Built 2015

$296,500

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $156.88
  • 22 Days on Market
  • MLS # : 1431324
  • Updated Date : 11/23/2020 at 15:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 3 full
Listing Agent

Bhhs C Dan Joyner - N. Pleas

Listing Agent's Description

In a word.....Stunning! Move-In Ready home in Gated Community minutes from Fairview Road in Simpsonville with all of it's amenities. Enjoy the rocking chair front porch. Open the door and you will be amazed. Great room has gas log fireplace. You will love the gleaming hardwood floors. Nicely appointed Kitchen has 42 inch cabinets for extra storage and beautiful granite countertops. All Stainless Steel appliances remain, even the refrigerator! Double door pantry. Master suite, with trey ceiling, is on the main floor. Large closet for all your clothes! The ceramic tiled shower has a sitting area. Another bedroom and a full bath are also on the main floor. Upstairs is the owners delight…..large Bonus Room is perfect for the home theater or make it the 4th Bedroom. A full bath with dual vanity granite countertop connects to another bedroom (or office). Enjoy a cup of coffee or adult beverage in the lovely screened porch. Fenced back yard with entry gates on both sides of the house. Garage has beautiful finished floor. Enjoy more "me time" as all yard maintenance is done by the HOA. Home is priced below the appraised value! Come see YOUR HOME today!

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
Fork Shoals Elementary School Primary Regular 695 38 7
Woodmont Middle School Middle Regular 628 38 6
Woodmont High School High Regular 1,801 89 6

Fork Shoals Elementary School

  • Education Level: Primary
  • # of students: 695
  • # of teachers: 38
7
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
 

$266,850$326,150$296,500

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$1,094
Property Tax -$390
Property Insurance -$62
Property Management Fees -$123
CASH FLOW
-$129

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.

$296,500

PROJECTED PRICE

$1,540

PROJECTED RENT

0.52%

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$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,323

INVESTMENT

$84,323

Down Payment
$74,125
Rehab Estimate
$5,750
Closing Costs
$4,448

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,094

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,125
Loan Amount $222,375
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$6,494

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,564

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3953$1,5404$1,6005$1,675
$1,675
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 23 Belle Oaks Drive Simpsonville, SC 3
    • 3 beds 3 baths ∙ 1,890 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,890 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.81
    •  
  • 309 Windy Meadow Way Simpsonville, SC 1
    • 4 beds 3 baths ∙ 1,582 Sqft ∙ Built 4 beds 3 baths ∙ 1,582 Sqft ∙ Built
    property image
    LEASED 05/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.85
    •  
  • 211 Two Gait Lane Simpsonville, SC 2
    • 3 beds 3 baths ∙ 1,780 Sqft ∙ Built 3 beds 3 baths ∙ 1,780 Sqft ∙ Built
    property image
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.78
    •  
  • 3 Moss Spring Court Simpsonville, SC 4
    • 3 beds 3 baths ∙ 1,961 Sqft ∙ Built 3 beds 3 baths ∙ 1,961 Sqft ∙ Built
    property image
    LEASED 08/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.82
    •  
  • 614 Westbury Way Simpsonville, SC 5
    • 4 beds 3 baths ∙ 1,944 Sqft ∙ Built 4 beds 3 baths ∙ 1,944 Sqft ∙ Built
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.86
    •  
PROPERTY LISTING DETAILS
Michael Wallace
1.864.275.4451
Bhhs C Dan Joyner - N. Pleas
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1431324
Last Updated: 11/23/2020
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