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55 Altamira Way Simpsonville, SC 29680

3 Beds 2 Baths - sqft Built 2016

$210,000

List Price

$1,280

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $159.09
  • 2 Days on Market
  • MLS # : 1437351
  • Updated Date : 02/13/2021 at 02:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

If you are looking for home you have found it. This 3 bedroom 2 bath home, sitting in a cul-da-sac, offers a very nice lot that can easily be fenced in and give the kids room to play. Offers a split floor plan keeping the Master Suite in a corner to itself. This home would be ideal for first time home buyers or someone looking to downsize. Come see it 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.
 

$189,000$231,000$210,000

PURCHASE PRICE

$1,152$1,408$1,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,280
EXPENSES Loan Payment -$729
Property Tax -$263
Property Insurance -$51
Property Management Fees -$102
CASH FLOW
$134

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.

$210,000

PROJECTED PRICE

$1,280

PROJECTED RENT

0.61%

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$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$61,400

INVESTMENT

$61,400

Down Payment
$52,500
Rehab Estimate
$5,750
Closing Costs
$3,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$729

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $52,500
Loan Amount $157,500
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$20,850

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,280

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,175

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,280
1$1,2802$1,3503$1,395
$1,395
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 55 Altamira Way Simpsonville, SC 1
    • 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,280
    • $0.97
    •  
  • 16 Waterthrush Way Simpsonville, SC 2
    • 3 beds 2 baths ∙ 1,594 Sqft ∙ Built 3 beds 2 baths ∙ 1,594 Sqft ∙ Built
    property image
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.85
    •  
  • 129 Kingfisher Drive Simpsonville, SC 3
    • 3 beds 3 baths ∙ 1,495 Sqft ∙ Built 3 beds 3 baths ∙ 1,495 Sqft ∙ Built
    property image
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.93
    •  
PROPERTY LISTING DETAILS
Rebecca Wallace
1.864.275.4564
Keller Williams Realty
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1437351
Last Updated: 02/13/2021
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