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6 Duxbury Drive Simpsonville, SC 29681

3 Beds 3 Baths - sqft Built 2003

$214,900

List Price

$1,380

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $149.86
  • 3 Days on Market
  • MLS # : 1435702
  • Updated Date : 01/22/2021 at 17:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 2 full , 1 half
Listing Agent

Better Homes & Gardens Young &

Listing Agent's Description

This is the home your clients have been waiting for in Bridges Crossing! Large Corner lot with fully fenced, level back yard and patio! Perfectly maintained and , this home is in move-in condition! Open floor plan on main level is great for entertaining and hardwood floors gleeming in the kitchen. Upstairs features three bed rooms. Master has beautiful trey ceiling, walk-in closet, and its own full bath! 1 car garage has plenty of additional storage and room for your car! 3 bedrooms, 2.5 baths and much, much more...simply call to see.

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
Mauldin Elementary School Primary Regular 909 53 6
Mauldin Middle School Middle Regular 1,090 65 8
Mauldin High School High Regular 2,240 108 8

Mauldin Elementary School

  • Education Level: Primary
  • # of students: 909
  • # of teachers: 53
6
GreatSchools Rating

Mauldin Middle School

  • Education Level: Middle
  • # of students: 1,090
  • # of teachers: 65
8
GreatSchools Rating

Mauldin High School

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

$193,410$236,390$214,900

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$746
Property Tax -$276
Property Insurance -$53
Property Management Fees -$110
CASH FLOW
$194

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.

$214,900

PROJECTED PRICE

$1,380

PROJECTED RENT

0.64%

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

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$62,699

INVESTMENT

$62,699

Down Payment
$53,725
Rehab Estimate
$5,750
Closing Costs
$3,224

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$746

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $53,725
Loan Amount $161,175
See What Happens When You Reinvest Cash Flow

9.17

YEARS SAVED

$27,088

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,380

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,373

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,2953$1,3804$1,4005$1,450
$1,450
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 6 Duxbury Drive Simpsonville, SC 3
    • 3 beds 3 baths ∙ 1,434 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,434 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $0.96
    •  
  • 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
    •  
  • 107 Lomond Lane Greenville, SC 2
    • 3 beds 2 baths ∙ 1,322 Sqft ∙ Built 3 beds 2 baths ∙ 1,322 Sqft ∙ Built
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.98
    •  
  • 200 Polo Drive Simpsonville, SC 4
    • 3 beds 3 baths ∙ 1,496 Sqft ∙ Built 3 beds 3 baths ∙ 1,496 Sqft ∙ Built
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.94
    •  
  • 110 Nobska Light Court Simpsonville, SC 5
    • 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
    •  
PROPERTY LISTING DETAILS
T.j. Young
1.864.399.0242
Better Homes & Gardens Young &
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1435702
Last Updated: 01/22/2021
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