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27 Spring Walk Way Greenville, SC 29605

3 Beds 3 Baths - sqft Built 2006

$209,500

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $114.61
  • 2 Days on Market
  • MLS # : 1432249
  • Updated Date : 11/21/2020 at 10:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 2 full , 1 half
Listing Agent

Bhhs C Dan Joyner Miller Rd.

Listing Agent's Description

Welcome Home! This beautifully well-maintained 3 bedroom/2.5 bath home is located at the end of a quiet cul-de-sac in the highly desired Reedy Falls subdivision. As you pass through the front door, you will be greeted by an oversized foyer with beautiful hardwood-looking laminate floors which flow through the entire first floor. This open floor plan home showcases arched doorways, living room with fireplace, a kitchen great for entertaining, along with a large breakfast area overlooking the oversized level, fenced backyard. As you go upstairs there is a spacious loft perfect for an office, lounge area or play space for the kiddos! All three bedrooms and laundry room are upstairs. The master bedroom features a vaulted ceiling with lots of natural light. The secondary bedrooms are both of adequate size and share a hall bath. The playground area is a quick walk across the street. There is also a walking path within the neighborhood. Don't miss your chance to see this home. It won't last!

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PRICE & RENT TRENDS

Zip Code: 29605

ZipNIR Market*CityMarket2010Year2000201980k90k100k110k120k130k140k150k160k170k180kPrice in $79k190k

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

Zip Code: 29605

ZipNIR Market*CityMarket2010Year20002019 Q270075080085090095010001050110011501200125013001350Rent in $6511383

* 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
Robert E. Cashion Elementary School Primary Regular 694 40 5
Hughes Academy Middle Magnet 848 48 6
Southside High School High Magnet 814 51 2

Robert E. Cashion Elementary School

  • Education Level: Primary
  • # of students: 694
  • # of teachers: 40
5
GreatSchools Rating

Hughes Academy

  • Education Level: Middle
  • # of students: 848
  • # of teachers: 48
6
GreatSchools Rating

Southside High School

  • Education Level: High
  • # of students: 814
  • # of teachers: 51
2
GreatSchools Rating
 

$188,550$230,450$209,500

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$773
Property Tax -$259
Property Insurance -$61
Property Management Fees -$110
CASH FLOW
$167

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$209,500

PROJECTED PRICE

$1,370

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.16%
Appreciation Year (1-5) 0.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.54%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,268

INVESTMENT

$61,268

Down Payment
$52,375
Rehab Estimate
$5,750
Closing Costs
$3,143

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$773

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $52,375
Loan Amount $157,125
See What Happens When You Reinvest Cash Flow

8.17

YEARS SAVED

$26,518

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,370

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,376

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,370
1$1,3702$1,4003$1,4204$1,4505$1,490
$1,490
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 27 Spring Walk Way Greenville, SC 1
    • 3 beds 3 baths ∙ 1,828 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,828 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $0.75
    •  
  • 20 Waterthrush Way Simpsonville, SC 2
    • 3 beds 2 baths ∙ 1,891 Sqft ∙ Built 3 beds 2 baths ∙ 1,891 Sqft ∙ Built
    LEASED 10/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.74
    •  
  • 108 Wateree Way Simpsonville, SC 3
    • 3 beds 3 baths ∙ 1,992 Sqft ∙ Built 3 beds 3 baths ∙ 1,992 Sqft ∙ Built
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.71
    •  
  • 5 Trumpeter Lane Simpsonville, SC 4
    • 4 beds 3 baths ∙ 1,783 Sqft ∙ Built 4 beds 3 baths ∙ 1,783 Sqft ∙ Built
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.81
    •  
  • 208 Riverdale Road Simpsonville, SC 5
    • 3 beds 3 baths ∙ 1,974 Sqft ∙ Built 3 beds 3 baths ∙ 1,974 Sqft ∙ Built
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $0.75
    •  
PROPERTY LISTING DETAILS
Tim Toates
1.864.360.6600
Bhhs C Dan Joyner Miller Rd.
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1432249
Last Updated: 11/21/2020
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