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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $140.99
- 2 Days on Market
- MLS # : 1437845
- Updated Date : 02/20/2021 at 19:09
CONSTRUCTION
- Beds : 4
- Floor Size : '-'
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Grv Upst
Listing Agent's Description
Looking for your own little slice of vacation at home? Then look no further! This four bedroom, 2 and a half bath house is move in ready. The entire home has hardwood floors except in the kitchen and bathrooms, perfect if you have allergies! There's a saltwater inground pool in the back yard with a huge sunroom overlooking it. Tons of cabinets in the spacious kitchen which has a walk in panty with a special little nook in it (currently where the paint is stored). Upstairs you will find the master bedroom with full ensuite bath and large walk-in closet. Lots of natural light shines in, bringing with it that warm homey feeling. Separate HVAC unit for heating and cooling the sunroom makes this an all weather sunroom. Home and pool deck are being pressure washed this weekend (delayed due to rain). Don't delay, come see this one today!
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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 | $1,540 |
| EXPENSES | Loan Payment | -$938 |
| Property Tax | -$324 | |
| Property Insurance | -$62 | |
| Property Management Fees | -$123 | |
|
CASH FLOW
$93
|
||
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.
$270,000
PROJECTED PRICE
$1,540
PROJECTED RENT
0.57%
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
$77,300
LOAN DETAILS
$938
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $67,500 |
| Loan Amount | $202,500 |
6.25
YEARS SAVED
$19,613
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 -
$0.8
LIST RENT PER SQFT
-
$1,508
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
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23 Glencove Court Simpsonville, SC 2
- 4 beds 3 baths ∙ 1,915 Sqft ∙ Built 1996 4 beds 3 baths ∙ 1,915 Sqft ∙ Built 1996
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- $1,540
- $0.80
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14 Candor Place Simpsonville, SC 1
- 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 3 beds 2 baths ∙ 1,756 Sqft ∙ Built
LEASED 01/18/20- Rent
- Rent Per SQFT
- $1,395
- $0.79
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12 Woodruff Lake Way Simpsonville, SC 3
- 3 beds 2 baths ∙ 1,803 Sqft ∙ Built 3 beds 2 baths ∙ 1,803 Sqft ∙ Built
LEASED 09/01/20- Rent
- Rent Per SQFT
- $1,575
- $0.87
-
7 Sentinel Court Simpsonville, SC 4
- 4 beds 3 baths ∙ 2,162 Sqft ∙ Built 4 beds 3 baths ∙ 2,162 Sqft ∙ Built
LEASED 11/13/19- Rent
- Rent Per SQFT
- $1,595
- $0.74
-
18 North Orchard Farm Avenue Simpsonville, SC 5
- 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 4 beds 3 baths ∙ 2,260 Sqft ∙ Built
LEASED 11/08/19- Rent
- Rent Per SQFT
- $1,695
- $0.75
PROPERTY LISTING DETAILS
1.864.216.1217
Keller Williams Grv Upst
1.866.250.5610
Homeunion SC LLC
21064
MLS #: 1437845
Last Updated: 02/20/2021
