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244 Finley Hill Court Simpsonville, SC 29681

3 Beds 3 Baths - sqft Built 2013

INVESTimate

$219,900

List Price

$1,520

$1,368 - $1,672

Rent Est.

$227,311  ( +3.37%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2013
  • Price/Sqft : $120.30
  • 2 Days on Market
  • MLS # : 1425781
  • Updated Date : 08/25/2020 at 16:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Caine/williams

Listing Agent's Description

Great location in Five Forks! Welcome home to 244 Finley Hill Court. This home is located on a large, .37 acre lot that has a huge side yard and backs to a wooded natural area with a creek. The driveway is oversized and perfect for multiple cars. Open concept floor plan with hardwood floors throughout the first floor. Charming fireplace and adorable kitchen with stainless steel appliances. Upstairs, you'll find a large versatile loft, perfect for a playroom, sitting room, or office. The master suite is your private getaway with a large bedroom, bathroom with double vanities, separate shower and soaking tub and huge walk-in closet. Two additional bedrooms, a bathroom and laundry area complete the 2nd floor. This is a great home in a very sought after, growing area! A little paint and new carpet will have this beautiful home shining!

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PRICE & RENT TRENDS

Zip Code: 29681

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $85k259k

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

Zip Code: 29681

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9171760

* 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
Rudolph Gordon Elementary School Primary Regular 748 40 9
Riverside Middle School Middle Regular 1,130 63 10
Mauldin High School High Regular 2,240 108 8

Rudolph Gordon Elementary School

  • Education Level: Primary
  • # of students: 748
  • # of teachers: 40
9
GreatSchools Rating

Riverside Middle School

  • Education Level: Middle
  • # of students: 1,130
  • # of teachers: 63
10
GreatSchools Rating

Mauldin High School

  • Education Level: High
  • # of students: 2,240
  • # of teachers: 108
8
GreatSchools Rating
 

$197,910$241,890$219,900

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$811
Property Tax -$264
Property Insurance -$61
Property Management Fees -$122
CASH FLOW
$263

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.

$219,900

PROJECTED PRICE

$1,520

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.42%
Appreciation Year (1-5) 3.37%
Maintenance Year (1-5) 8.00%
Vacancy 6.12%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,024

INVESTMENT

$64,024

Down Payment
$54,975
Rehab Estimate
$5,750
Closing Costs
$3,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$811

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $54,975
Loan Amount $164,925
See What Happens When You Reinvest Cash Flow

10.58

YEARS SAVED

$41,008

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,520

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,584

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5203$1,5954$1,650
$1,650
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 244 Finley Hill Court Simpsonville, 2
    • 3 beds 3 baths ∙ 1,828 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,828 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $0.83
    •  
  • 423 Peaksview Drive Simpsonville, 1
    • 3 beds 2 baths ∙ 1,759 Sqft ∙ Built 3 beds 2 baths ∙ 1,759 Sqft ∙ Built
    LEASED 01/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.85
    •  
  • 316 Lockeland Park Drive Simpsonville, 3
    • 4 beds 2 baths ∙ 1,914 Sqft ∙ Built 4 beds 2 baths ∙ 1,914 Sqft ∙ Built
    LEASED 09/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.83
    •  
  • 439 Peaksview Drive Simpsonville, 4
    • 3 beds 2 baths ∙ 1,784 Sqft ∙ Built 3 beds 2 baths ∙ 1,784 Sqft ∙ Built
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.92
    •  
PROPERTY LISTING DETAILS
Shelbie Dunn
1.864.346.9922
Coldwell Banker Caine/williams
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1425781
Last Updated: 08/25/2020
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