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403 Twin Falls Drive Simpsonville, SC 29680

3 Beds 2 Baths - sqft Built 1994

$169,000

List Price

$1,240

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $134.66
  • 3 Days on Market
  • MLS # : 1431709
  • Updated Date : 11/13/2020 at 20:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 2 full
Listing Agent

Coldwell Banker Caine/williams

Listing Agent's Description

Welcome to 403 Twin Falls Dr. Conveniently located off Standing Springs Rd in Simpsonville's desirable Standing Springs Estates community. At nearly 1300 sf this home features an open floor plan complete with fresh paint, laminate floors, and vaulted ceilings for a more open feel. Be sure to step out to back and check out the big fenced in back yard. The back yard has a small retaining wall and firepit and backs up to 22 acres of farmland adding a more private and tranquil outdoor setting, perfect for entertaining or relaxing on a cool fall evening! New roof installed 2012. Seller is willing to provide a home warranty with an acceptable offer!

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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
Greenbrier Elementary School Primary Regular 795 45 6
Hillcrest Middle School Middle Regular 1,001 55 8
Hillcrest High School High Regular 2,106 103 6

Greenbrier Elementary School

  • Education Level: Primary
  • # of students: 795
  • # of teachers: 45
6
GreatSchools Rating

Hillcrest Middle School

  • Education Level: Middle
  • # of students: 1,001
  • # of teachers: 55
8
GreatSchools Rating

Hillcrest High School

  • Education Level: High
  • # of students: 2,106
  • # of teachers: 103
6
GreatSchools Rating
 

$152,100$185,900$169,000

PURCHASE PRICE

$1,116$1,364$1,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,240
EXPENSES Loan Payment -$624
Property Tax -$210
Property Insurance -$50
Property Management Fees -$99
CASH FLOW
$257

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.

$169,000

PROJECTED PRICE

$1,240

PROJECTED RENT

0.73%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$50,535

INVESTMENT

$50,535

Down Payment
$42,250
Rehab Estimate
$5,750
Closing Costs
$2,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$624

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $42,250
Loan Amount $126,750
See What Happens When You Reinvest Cash Flow

12

YEARS SAVED

$37,204

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,240

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,238

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,2403$1,2504$1,325
$1,325
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 403 Twin Falls Drive Simpsonville, SC 2
    • 3 beds 2 baths ∙ 1,255 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,255 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,240
    • $0.99
    •  
  • 103 Denali Court Greenville, SC 1
    • 3 beds 2 baths ∙ 1,166 Sqft ∙ Built 3 beds 2 baths ∙ 1,166 Sqft ∙ Built
    property image
    LEASED 01/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.99
    •  
  • 323 S Sandy Brook Way Simpsonville, SC 3
    • 3 beds 2 baths ∙ 1,222 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,222 Sqft ∙ Built 1995
    property image
    LEASED 07/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.02
    •  
  • 121 W Fall River Way Simpsonville, SC 4
    • 3 beds 3 baths ∙ 1,392 Sqft ∙ Built 3 beds 3 baths ∙ 1,392 Sqft ∙ Built
    property image
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.95
    •  
PROPERTY LISTING DETAILS
Jon Ferguson
1.864.616.7651
Coldwell Banker Caine/williams
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1431709
Last Updated: 11/13/2020
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