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6 Cattle Court Simpsonville, SC 29681

3 Beds 2 Baths - sqft Built 2001

$193,500

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $108.71
  • 3 Days on Market
  • MLS # : 1433850
  • Updated Date : 12/19/2020 at 18:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 2 full
Listing Agent

Bhhs C Dan Joyner - Pelham

Listing Agent's Description

Move in ready ONE level home in cul-de-sac conveniently located off Woodruff Road in the growing area of Five Forks. This 3BR, 2BA home features an OPEN floor plan, neutral colors, laminate hardwood floors, CERAMIC tiles and NEW Carpet. SPACIOUS great room with WOOD burning Fireplace, LARGE and bright Kitchen with under cabinets lighting, plenty of counter-top space overlooking the FENCED backyard perfect for entertaining and/or for a secure play area. OVERSIZED Master suite with large walk-in closet and Master Bath with garden tub. Laundry room off kitchen, NEW commercial grade Hot Water Heater, 2 CAR garage with yard door, key pad entry plus... OVER 1/2 ACRE lot!! Great family home in excellent location with good schools!!!

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

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Bells Crossing Elementary School Primary Regular 955 53 9
Riverside Middle School Middle Regular 1,130 63 10
Mauldin High School High Regular 2,240 108 8

Bells Crossing Elementary School

  • Education Level: Primary
  • # of students: 955
  • # of teachers: 53
9
GreatSchools Rating

Riverside Middle School

  • Education Level: Middle
  • # of students: 1,130
  • # of teachers: 63
10
GreatSchools Rating

Mauldin High School

  • Education Level: High
  • # of students: 2,240
  • # of teachers: 108
8
GreatSchools Rating
 

$174,150$212,850$193,500

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$714
Property Tax -$232
Property Insurance -$60
Property Management Fees -$112
CASH FLOW
$282

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.

$193,500

PROJECTED PRICE

$1,400

PROJECTED RENT

0.72%

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$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$57,028

INVESTMENT

$57,028

Down Payment
$48,375
Rehab Estimate
$5,750
Closing Costs
$2,903

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$714

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $48,375
Loan Amount $145,125
See What Happens When You Reinvest Cash Flow

11.67

YEARS SAVED

$41,563

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,509

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4753$1,5954$1,7005$1,795
$1,795
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 6 Cattle Court Simpsonville, SC 1
    • 3 beds 2 baths ∙ 1,780 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,780 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.79
    •  
  • 3 Glassglenn Drive Simpsonville, SC 2
    • 4 beds 2 baths ∙ 1,608 Sqft ∙ Built 4 beds 2 baths ∙ 1,608 Sqft ∙ Built
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.92
    •  
  • 315 Karsten Creek Drive Simpsonville, SC 3
    • 4 beds 3 baths ∙ 2,026 Sqft ∙ Built 4 beds 3 baths ∙ 2,026 Sqft ∙ Built
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.79
    •  
  • 319 Karsten Creek Drive Simpsonville, SC 4
    • 4 beds 3 baths ∙ 2,048 Sqft ∙ Built 4 beds 3 baths ∙ 2,048 Sqft ∙ Built
    LEASED 07/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.83
    •  
  • 5 Red Jonathan Court Simpsonville, SC 5
    • 4 beds 3 baths ∙ 2,122 Sqft ∙ Built 4 beds 3 baths ∙ 2,122 Sqft ∙ Built
    LEASED 10/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.85
    •  
PROPERTY LISTING DETAILS
Liliana De Angeli
1.864.616.5368
Bhhs C Dan Joyner - Pelham
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1433850
Last Updated: 12/19/2020
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