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613 Timber Walk Drive 
Simpsonville, SC
29681
4 Beds 3 Baths - sqft
Built 2002
INVESTimate
$212,000
List Price
$61,930
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PROPERTY INFO
FACTS
- Built In 2002
- Price/Sqft : $112.41
- 2 Days on Market
- MLS # : 1425765
- Updated Date : 08/25/2020 at 13:06
CONSTRUCTION
- Beds : 4
- Floor Size : '-'
- Baths : 2 full , 1 half
Listing Agent
Re/max Moves Fountain Inn
Listing Agent's Description
GORGEOUS 4 Bedroom 2.5 Bathroom home located in Five Forks off Jonesville Road with Solar Panels and an open living area! Freshly painted and in turn key condition. As you walk through the door you'll be greeted with a view of the dining area with tons of natural light flooding in. The living room complete with wood surface flooring is spacious, open, and has a gas log fireplace. Just off the kitchen is a breakfast area that over looks the fenced in back yard (with access to the over sized green area). Upstairs you'll find a generously sized master bedroom with on suite bathroom that includes double vanities, a garden tub, and separate shower. The master bedroom also offers a walk in closet. There are three additional bedrooms upstairs with adequate closet space and a full secondary bathroom. The laundry room is located upstairs along with all the bedrooms. With plenty of space for entertaining, the fully fenced backyard offering an extension of the communities lush green space, and the money saving solar panels this home truly has it all.
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PRICE & RENT TRENDS
Zip Code: 29681
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 29681
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,510 |
| EXPENSES | Loan Payment | -$782 |
| Property Tax | -$270 | |
| Property Insurance | -$62 | |
| Property Management Fees | -$121 | |
|
CASH FLOW
$276
|
||
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.
$212,000
PROJECTED PRICE
$1,510
PROJECTED RENT
0.71%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.42% |
| Appreciation Year (1-5) | 3.37% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.12% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$61,930
LOAN DETAILS
$782
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $53,000 |
| Loan Amount | $159,000 |
11.08
YEARS SAVED
$41,760
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,510
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$1,481
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
-
613 Timber Walk Drive Simpsonville, 3
- 4 beds 3 baths ∙ 1,886 Sqft ∙ Built 2002 4 beds 3 baths ∙ 1,886 Sqft ∙ Built 2002
- Rent
- Rent Per SQFT
- $1,510
- $0.80
-
111 Goldrush Court Simpsonville, 1
- 3 beds 2 baths ∙ 1,713 Sqft ∙ Built 3 beds 2 baths ∙ 1,713 Sqft ∙ Built
LEASED 11/26/19- Rent
- Rent Per SQFT
- $1,375
- $0.80
-
21 Hartwell Drive Simpsonville, 2
- 4 beds 2 baths ∙ 1,831 Sqft ∙ Built 4 beds 2 baths ∙ 1,831 Sqft ∙ Built
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,400
- $0.76
-
208 Applehill Way Simpsonville, 4
- 3 beds 2 baths ∙ 1,971 Sqft ∙ Built 3 beds 2 baths ∙ 1,971 Sqft ∙ Built
LEASED 05/02/19- Rent
- Rent Per SQFT
- $1,600
- $0.81
-
1020 Powderhorn Road Simpsonville, 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
1.864.386.3729
Re/max Moves Fountain Inn
1.866.250.5610
Homeunion SC LLC
21064
MLS #: 1425765
Last Updated: 08/25/2020
