Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

67 Young Harris Drive Simpsonville, SC 29681

3 Beds 3 Baths - sqft Built 2013

$239,900

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 2013
  • Price/Sqft : $122.90
  • 6 Days on Market
  • MLS # : 1430669
  • Updated Date : 11/02/2020 at 16:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Caine/williams

Listing Agent's Description

Not to be missed! This is an amazing 3BR, 2.5BA home in sought-after Twin Creeks. This open floorplan makes entertaining friends or hosting small family gatherings a breeze. The dining room flows into the large family room area where a gas fireplace is flanked by large windows. Built-in surround sound speakers in family room as well. A breakfast area separates the family room from the dream kitchen. Granite countertops, tile backsplash, beautiful cabinetry, gas stove, updated appliances, recessed lighting, kitchen island with bar seating, and walk-in pantry make this space the true hub of the home. A french door in breakfast area leads to a gorgeous, level, fenced-in yard. The patio is the perfect spot for grilling. A half bath and laundry room complete the main level. Upstairs is a loft area which could be used as home office or bonus room area. Master BR is oversized with a huge walk-in closet. Master BA has two sinks, shower, and separate garden tub. The 2 secondary bedrooms share a hall bath. A/C replaced in 2018. Newer LPV flooring on main floor. WELCOME HOME!

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
Rudolph Gordon Elementary School Primary Regular 748 40 9
Riverside Middle School Middle Regular 1,130 63 10
Mauldin High School High Regular 2,240 108 8

Rudolph Gordon Elementary School

  • Education Level: Primary
  • # of students: 748
  • # of teachers: 40
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
 

$215,910$263,890$239,900

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$885
Property Tax -$288
Property Insurance -$63
Property Management Fees -$125
CASH FLOW
$200

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.

$239,900

PROJECTED PRICE

$1,560

PROJECTED RENT

0.65%

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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,324

INVESTMENT

$69,324

Down Payment
$59,975
Rehab Estimate
$5,750
Closing Costs
$3,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$885

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $59,975
Loan Amount $179,925
See What Happens When You Reinvest Cash Flow

8.75

YEARS SAVED

$34,079

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,581

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4953$1,5604$1,5955$1,595
$1,595
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 67 Young Harris Drive Simpsonville, SC 3
    • 3 beds 3 baths ∙ 1,952 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,952 Sqft ∙ Built 2013
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.80
    •  
  • 107 Mercer Drive Simpsonville, SC 1
    • 4 beds 3 baths ∙ 1,992 Sqft ∙ Built 4 beds 3 baths ∙ 1,992 Sqft ∙ Built
    property image
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.73
    •  
  • 423 Peaksview Drive Simpsonville, SC 2
    • 3 beds 2 baths ∙ 1,759 Sqft ∙ Built 3 beds 2 baths ∙ 1,759 Sqft ∙ Built
    property image
    LEASED 01/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.85
    •  
  • 315 Karsten Creek Drive Simpsonville, SC 4
    • 4 beds 3 baths ∙ 2,026 Sqft ∙ Built 4 beds 3 baths ∙ 2,026 Sqft ∙ Built
    property image
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.79
    •  
  • 462 Peaksview Drive Simpsonville, SC 5
    • 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 3 beds 2 baths ∙ 1,824 Sqft ∙ Built
    property image
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.87
    •  
PROPERTY LISTING DETAILS
Jennifer Wilson
1.864.907.5920
Coldwell Banker Caine/williams
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1430669
Last Updated: 11/02/2020
BESbswy