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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.

$84,323

Investment Est.

AVAILABLE

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AVAILABLE

1 Year
(+4.7%)
1 YR. PROJ. APPRECIATION


Cap Rate	3.0%
Cash Flow	-$1,548
Value Increase	$14,145

10 YEAR

Cash On Cash	-3.8%
Total Return	8.4%

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!

1 of 36 X

Zip Code: 29680

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

Zip Code: 29680

* 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

GreatSchools Rating

Woodmont Middle School

Education Level: Middle
# of students: 628
# of teachers: 38

GreatSchools Rating

Woodmont High School

Education Level: High
# of students: 1,801
# of teachers: 89

GreatSchools Rating

FINANCIALS

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$266,850$326,15000$296,500

PURCHASE PRICE

$1,386$1,69400$1,540

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

Learn how to read this

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

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

TOTAL CASH OUT OF POCKET

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

4.25%

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

1,890
PROPERTY SQFT ^*
$0.83
AVG RENT PER SQFT
$1,564
ESTIMATED VALUE
$1,540
LIST RENT

* Sqft is provided from public sources

23 Belle Oaks Drive Simpsonville, SC 5

3 beds 3 baths ∙ 1,890 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,890 Sqft ∙ Built 2015
Price

Price Per SQFT

$296,500

$156.88
17 Kirkshire Lane Simpsonville, SC 1

3 beds 2 baths ∙ 1,815 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,815 Sqft ∙ Built 2007
SOLD 09/25/20
Price

Price Per SQFT

$204,000

$112.40
12 Greenbranch Way Simpsonville, SC 2

3 beds 2 baths ∙ 1,786 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,786 Sqft ∙ Built 2007
SOLD 06/01/20
Price

Price Per SQFT

$210,000

$117.58
64 Border Avenue Simpsonville, SC 3

4 beds 2 baths ∙ 1,896 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,896 Sqft ∙ Built 2016
SOLD 05/15/20
Price

Price Per SQFT

$225,000

$118.67
19 Chadmore Street Simpsonville, SC 4

4 beds 3 baths ∙ 1,861 Sqft ∙ Built 2017 4 beds 3 baths ∙ 1,861 Sqft ∙ Built 2017
SOLD 08/12/20
Price

Price Per SQFT

$233,500

$125.47

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
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
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
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
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
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

23 Belle Oaks Drive Simpsonville, SC 29680

$296,500

$1,540

$84,323

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

PRICE & RENT TRENDS

SCHOOLS

Fork Shoals Elementary School

Woodmont Middle School

Woodmont High School

FINANCIALS

$266,850$326,15000$296,500

$1,386$1,69400$1,540

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$296,500

$1,540

0.52%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$1,094

2.42

$6,494

$296,500

$156.88

$224,022

$118.53

COMPS RANGE

PRICE COMPS ANALYSIS

$1,540

$0.81

$1,564

$0.83

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS