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

405 Bass Harbor Court Simpsonville, SC 29681

3 Beds 3 Baths - sqft Built 2003

$225,900

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $148.62
  • 3 Days on Market
  • MLS # : 1436834
  • Updated Date : 02/05/2021 at 22:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 2 full , 1 half
Listing Agent

Bhhs C.dan Joyner-woodruff Rd

Listing Agent's Description

You will love this charming well kept 3BR, 2 1/2 BA home in the Creekside at Bridges Crossing. So convenient to schools, shopping, restaurants and interstate. Home features hardwood floors on the main level, SS appliances, corian counters, tile backsplash and a handy pantry. Living area, kitchen and dining are open for easy entertaining. Master Bedroom has a deep trey ceiling, ceiling fan and walk-in closet. Spacious Master Bath features tile floor, garden tub, separate shower and dual sinks. Two additional BR's with ceiling fans and good closet space. Laundry room upstairs with tile floor. 10x17 screened porch plus a 10x10 patio great for entertaining. Fenced yard with full in-ground sprinkler. 2 Car garage with opener. S/D has a pool for summer fun! HOA yearly dues $500 include pool access, street lights, sidewalks and common areas. $70 monthly fee for total lawn maintenance and landscaping. Easy living so you can enjoy your weekends with family and friends! Seller is offering an AHS Warranty!

SEE MORE

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

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$203,310$248,490$225,900

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$785
Property Tax -$290
Property Insurance -$55
Property Management Fees -$111
CASH FLOW
$149

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.

$225,900

PROJECTED PRICE

$1,390

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.42%
Appreciation Year (1-5) 3.4%
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$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$65,614

INVESTMENT

$65,614

Down Payment
$56,475
Rehab Estimate
$5,750
Closing Costs
$3,389

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$785

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,475
Loan Amount $169,425
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$22,888

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,390

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,383

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,3903$1,4504$1,5955$1,595
$1,595
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 405 Bass Harbor Court Simpsonville, SC 2
    • 3 beds 3 baths ∙ 1,520 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,520 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $0.91
    •  
  • 3 Duncan Court Mauldin, SC 1
    • 3 beds 2 baths ∙ 1,305 Sqft ∙ Built 3 beds 2 baths ∙ 1,305 Sqft ∙ Built
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.92
    •  
  • 110 Nobska Light Court Simpsonville, SC 3
    • 3 beds 3 baths ∙ 1,466 Sqft ∙ Built 3 beds 3 baths ∙ 1,466 Sqft ∙ Built
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.99
    •  
  • 300 Pemaquid Court Simpsonville, SC 4
    • 3 beds 3 baths ∙ 1,857 Sqft ∙ Built 3 beds 3 baths ∙ 1,857 Sqft ∙ Built
    LEASED 08/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.86
    •  
  • 224 Hardwood Road Greenville, SC 5
    • 3 beds 2 baths ∙ 1,829 Sqft ∙ Built 3 beds 2 baths ∙ 1,829 Sqft ∙ Built
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.87
    •  
PROPERTY LISTING DETAILS
Pat Norwood
1.864.420.1998
Bhhs C.dan Joyner-woodruff Rd
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1436834
Last Updated: 02/05/2021
BESbswy