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3 Headwater Court Simpsonville, SC 29680

3 Beds 2 Baths - sqft Built 2000

$220,000

List Price

$1,310

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $141.48
  • 5 Days on Market
  • MLS # : 1430692
  • Updated Date : 10/30/2020 at 13:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 2 full
Listing Agent

Keller Williams Grv Upst

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
Ellen Woodside Elementary School Primary Regular 643 35 6
Ralph Chandler Middle School Middle Regular 689 37 8
Woodmont High School High Regular 1,801 89 6

Ellen Woodside Elementary School

  • Education Level: Primary
  • # of students: 643
  • # of teachers: 35
6
GreatSchools Rating

Ralph Chandler Middle School

  • Education Level: Middle
  • # of students: 689
  • # of teachers: 37
8
GreatSchools Rating

Woodmont High School

  • Education Level: High
  • # of students: 1,801
  • # of teachers: 89
6
GreatSchools Rating
 

$198,000$242,000$220,000

PURCHASE PRICE

$1,179$1,441$1,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,310
EXPENSES Loan Payment -$812
Property Tax -$276
Property Insurance -$56
Property Management Fees -$105
CASH FLOW
$62

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.

$220,000

PROJECTED PRICE

$1,310

PROJECTED RENT

0.60%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,050

INVESTMENT

$64,050

Down Payment
$55,000
Rehab Estimate
$5,750
Closing Costs
$3,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$812

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $55,000
Loan Amount $165,000
See What Happens When You Reinvest Cash Flow

5.75

YEARS SAVED

$17,390

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,310

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,431

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,310
1$1,3102$1,3503$1,4754$1,5505$1,550
$1,550
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 3 Headwater Court Simpsonville, SC 1
    • 3 beds 2 baths ∙ 1,555 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,555 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,310
    • $0.84
    •  
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    • 3 beds 2 baths ∙ 1,594 Sqft ∙ Built 3 beds 2 baths ∙ 1,594 Sqft ∙ Built
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    • Rent Per SQFT
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    • 3 beds 3 baths ∙ 1,624 Sqft ∙ Built 3 beds 3 baths ∙ 1,624 Sqft ∙ Built
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    • Rent Per SQFT
    •  
    • $1,475
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    • 3 beds 2 baths ∙ 1,592 Sqft ∙ Built 3 beds 2 baths ∙ 1,592 Sqft ∙ Built
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    • Rent
    • Rent Per SQFT
    •  
    • $1,550
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  • 10 Coachwhip Court Simpsonville, SC 5
    • 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 3 beds 2 baths ∙ 1,640 Sqft ∙ Built
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    • Rent
    • Rent Per SQFT
    •  
    • $1,550
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    •  
PROPERTY LISTING DETAILS
Jason Scott
1.864.354.5766
Keller Williams Grv Upst
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1430692
Last Updated: 10/30/2020
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