Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

303 Blue Sage Place Simpsonville, SC 29680

4 Beds 2 Baths - sqft Built 2007

$240,000

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $120.79
  • 2 Days on Market
  • MLS # : 1433477
  • Updated Date : 12/12/2020 at 12:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : '-'
  • Baths : 2 full
Listing Agent

Weichert Realty-shaun & Shari

Listing Agent's Description

Welcome home to Fairview Meadows! This adorable 4BD/2BA home is ideally located just minutes from I-385, downtown Simpsonville, and Greenville. As you enter into this home off the covered front porch, you will find the beautiful foyer that leads directly into the open great room with 10' ceilings. To the right of the great room is a formal dining room perfect for those holiday meals with friends or family. Circling on around through the dining room is the kitchen with a sizeable breakfast area. This home is already hooked up for electric or gas appliances. The chef of the home can choose their preferred method. Across the great room you will find the rather large master bedroom and en-suite. Situated at the back of the house the main bedroom is quiet and peaceful. The master bath boasts dual sinks, a large linen closet, and plenty of space to share. Across the hall are 2 more bedrooms and another full bath. The laundry area is conveniently located just off the hall making washing chores a breeze. Above the garage is the 4 bedroom or bonus room to be used as needed. This space is perfectly utilized as a large bedroom with a finished closet and ample privacy currently. But should the new homeowner need an office space, workout space, flex space, etc. - this room can provide. Be sure to check out the large fenced backyard perfect for entertaining on a cool evening or ideal for that peaceful morning cup of coffee on the private patio. The current owner has spared no expense in maintaining and making some beautiful upgrades to this home. From the additional driveway pad to the poured sidewalk down the far right of the house, to the privacy fence out back this home truly has more to it than meets the eye. Come on by and take a look and imagine what living in Fairview Meadows could mean for you. Schedule your private showing today!

SEE MORE

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
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
7
GreatSchools Rating

Woodmont Middle School

  • Education Level: Middle
  • # of students: 628
  • # of teachers: 38
6
GreatSchools Rating

Woodmont High School

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

$216,000$264,000$240,000

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$886
Property Tax -$294
Property Insurance -$64
Property Management Fees -$118
CASH FLOW
$119

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.

$240,000

PROJECTED PRICE

$1,480

PROJECTED RENT

0.62%

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$800k

PROJECTED ANNUAL CASH FLOW

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

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$69,350

INVESTMENT

$69,350

Down Payment
$60,000
Rehab Estimate
$5,750
Closing Costs
$3,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$886

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $60,000
Loan Amount $180,000
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$24,654

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,470

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4803$1,5954$1,600
$1,600
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 303 Blue Sage Place Simpsonville, SC 2
    • 4 beds 2 baths ∙ 1,987 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,987 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $0.74
    •  
  • 211 Two Gait Lane Simpsonville, SC 1
    • 3 beds 3 baths ∙ 1,780 Sqft ∙ Built 3 beds 3 baths ∙ 1,780 Sqft ∙ Built
    property image
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.78
    •  
  • 607 Fairview Lake Way Simpsonville, SC 3
    • 4 beds 3 baths ∙ 2,234 Sqft ∙ Built 4 beds 3 baths ∙ 2,234 Sqft ∙ Built
    property image
    LEASED 12/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.71
    •  
  • 208 Willow Valley Way Simpsonville, SC 4
    • 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 4 beds 3 baths ∙ 2,178 Sqft ∙ Built
    property image
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.73
    •  
PROPERTY LISTING DETAILS
Leslie Bell
1.864.313.5300
Weichert Realty-shaun & Shari
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1433477
Last Updated: 12/12/2020
BESbswy