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410 Spring Meadow Road Simpsonville, SC 29680

3 Beds 3 Baths - sqft Built 1987

$265,000

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $142.55
  • 3 Days on Market
  • MLS # : 1436266
  • Updated Date : 01/29/2021 at 20:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 2 full , 1 half
Listing Agent

Nest Realty Greenville Llc

Listing Agent's Description

Welcome to your new nest! You are going to love this Southern Charmer located in Simpsonville. This 3 bedroom, 2.5 bath home with a bonus room is just shy of 2500 square feet. As soon as you walk into the 2 story foyer you will fall in love. Off to the right is the beautiful dining room for your family gatherings. You will be in awe of the size of the kitchen, with its beautiful granite counter tops, plenty of cabinet space, and an island. Sit back and relax in the spacious breakfast area of the kitchen, while you enjoy your coffee in front of the first of two fireplaces in this home. The living room of this home is just lovely with its large size and wood burning fireplace. Just off the living room is a charming screened porch overlooking the fenced in back yard. Take a walk upstairs to see the large main bedroom with a reading nook, beautiful en suite with granite counters and dual sinks, and walk in closet. Two other bedrooms and a full hall bath round up this portion of the second level of this home. There is a second staircase tucked away that leads to spacious bonus room and office, perfect for those working from home. Other features of this home include a two car garage, large deck and patio, a walk in laundry room, and plenty of attic access point for storage. Foxwood subdivision boasts a pool and playground for its residents and is conveniently located to beautiful downtown Simpsonville. There is easy access to shopping and to the highway near this home. Come and view this Southern Charmer 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

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

$238,500$291,500$265,000

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$920
Property Tax -$355
Property Insurance -$61
Property Management Fees -$114
CASH FLOW
-$30

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.

$265,000

PROJECTED PRICE

$1,420

PROJECTED RENT

0.54%

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$920

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$8,885

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,492

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4203$1,5954$1,5955$1,625
$1,625
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 410 Spring Meadow Road Simpsonville, SC 2
    • 3 beds 3 baths ∙ 1,859 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,859 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.76
    •  
  • 211 Two Gait Lane Simpsonville, SC 1
    • 3 beds 3 baths ∙ 1,780 Sqft ∙ Built 3 beds 3 baths ∙ 1,780 Sqft ∙ Built
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.78
    •  
  • 609 Two Gait Lane Simpsonville, SC 3
    • 4 beds 3 baths ∙ 1,853 Sqft ∙ Built 4 beds 3 baths ∙ 1,853 Sqft ∙ Built
    LEASED 08/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.86
    •  
  • 1 Nibbins Lane Simpsonville, SC 4
    • 4 beds 3 baths ∙ 1,987 Sqft ∙ Built 4 beds 3 baths ∙ 1,987 Sqft ∙ Built
    LEASED 12/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.80
    •  
  • 1020 Powderhorn Road Simpsonville, SC 5
    • 4 beds 2 baths ∙ 2,121 Sqft ∙ Built 4 beds 2 baths ∙ 2,121 Sqft ∙ Built
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.77
    •  
PROPERTY LISTING DETAILS
Alesha Oppatt
1.864.367.5239
Nest Realty Greenville Llc
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1436266
Last Updated: 01/29/2021
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