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6 Rosemoss Court Simpsonville, SC 29680

4 Beds 3 Baths - sqft Built 2001

$249,900

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $105.62
  • 5 Days on Market
  • MLS # : 1431962
  • Updated Date : 11/20/2020 at 15:27
CONSTRUCTION
  • Beds : 4
  • Floor Size : '-'
  • Baths : 2 full , 1 half
Listing Agent

Re/max Moves Simpsonville

Listing Agent's Description

MARVELOUS MASTER ON THE MAIN FLOOR TRADITIONAL BEAUTY ON A CUL-DE-SAC! That's Right! That Hard to Find Downstairs Master with Bright Open Floorplan in a Family Friendly Neighborhood is Now Available! This Awesome Home Features a Large White Kitchen with Pantry and 3 Person Bar Open to an Oversized Breakfast Room Overlooking a Gorgeous Greatroom with Vaulted Ceilings and Gas Logs! A Separate Dining Room Could Be Used for Office or ZOOM Room! Use the Huge 16x14 Sunroom as Much Needed Flexspace for the Family to Spread Out or Would Make a Perfect Game Room for the Kids! The Magnificent Master Suite Offers A HUGE Walk-in Closet, Double Vanities, Giant Soaker Tub & Separate Shower! Upstairs You'll Discover 3 Over Sized Bedrooms and Large Bath Across the Catwalk Overlooking Your Massive Living Space! This Perfect Home Sits on a Fenced Lot in a Cul-De-Sac Perfect for the Kiddos to Ride the Scooters with Friends. Morning Mist is FAMOUS for it's Welcoming Spirit and Great Amenities - Pool and Large Playground!! An it's Less than 1/4 Mile to the New PUBLIX & Starbucks on W. Georgia Road! Don't Miss Your Chance at this Great Home!

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

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Ellen Woodside Elementary School Primary Regular 643 35 6
Woodmont Middle School Middle Regular 628 38 6
Woodmont High School High Regular 1,801 89 6

Ellen Woodside Elementary School

  • Education Level: Primary
  • # of students: 643
  • # of teachers: 35
6
GreatSchools Rating

Woodmont Middle School

  • Education Level: Middle
  • # of students: 628
  • # of teachers: 38
6
GreatSchools Rating

Woodmont High School

  • Education Level: High
  • # of students: 1,801
  • # of teachers: 89
6
GreatSchools Rating
 

$224,910$274,890$249,900

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$922
Property Tax -$306
Property Insurance -$70
Property Management Fees -$133
CASH FLOW
$229

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.

$249,900

PROJECTED PRICE

$1,660

PROJECTED RENT

0.66%

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$800k

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$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

9.33

YEARS SAVED

$37,867

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,709

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5503$1,5954$1,6605$1,795
$1,795
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 6 Rosemoss Court Simpsonville, SC 4
    • 4 beds 3 baths ∙ 2,366 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,366 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.70
    •  
  • 521 Barn Swallow Drive Simpsonville, SC 1
    • 4 beds 3 baths ∙ 2,252 Sqft ∙ Built 4 beds 3 baths ∙ 2,252 Sqft ∙ Built
    LEASED 12/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.66
    •  
  • 3 Red Robin Court Simpsonville, SC 2
    • 3 beds 3 baths ∙ 2,186 Sqft ∙ Built 3 beds 3 baths ∙ 2,186 Sqft ∙ Built
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.71
    •  
  • 5 Phaeton Avenue Simpsonville, SC 3
    • 4 beds 3 baths ∙ 2,235 Sqft ∙ Built 4 beds 3 baths ∙ 2,235 Sqft ∙ Built
    LEASED 10/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.71
    •  
  • 16 Bittercrest Court Simpsonville, SC 5
    • 4 beds 3 baths ∙ 2,218 Sqft ∙ Built 4 beds 3 baths ∙ 2,218 Sqft ∙ Built
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.81
    •  
PROPERTY LISTING DETAILS
Melissa Patton
1.864.923.7924
Re/max Moves Simpsonville
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1431962
Last Updated: 11/20/2020
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