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705 Camberwell Road Simpsonville, SC 29680

4 Beds 3 Baths - sqft Built 2018

$235,000

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2018
  • Price/Sqft : $121.70
  • 4 Days on Market
  • MLS # : 1431118
  • Updated Date : 11/05/2020 at 21:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : '-'
  • Baths : 2 full , 1 half
Listing Agent

Bhhs C Dan Joyner Miller Rd.

Listing Agent's Description

Beautiful like-new home in Victoria Park! This 4 bed, 2.5 bath home is less than 2 years old and beautifully updated throughout. Downstairs you will find a spacious living room, dining area, and kitchen with stainless steel appliances, subway tile backsplash and granite counters. There's also a built in cable and speakers to plug in your phone and listen to your favorite music. Upstairs is where you'll find the grand master suite, along with 3 other generously sized bedrooms and an additional full bath. The backyard has been fully fenced in with an elegant privacy fence. Victoria Park has wonderful neighborhood amenities, like pool and playground, and is conveniently located just 2 minutes for Fairview Rd shopping an dining.

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
Fork Shoals Elementary School Primary Regular 695 38 7
Woodmont Middle School Middle Regular 628 38 6
Woodmont High School High Regular 1,801 89 6

Fork Shoals Elementary School

  • Education Level: Primary
  • # of students: 695
  • # of teachers: 38
7
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
 

$211,500$258,500$235,000

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$867
Property Tax -$327
Property Insurance -$63
Property Management Fees -$110
CASH FLOW
$4

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.

$235,000

PROJECTED PRICE

$1,370

PROJECTED RENT

0.58%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$867

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$12,208

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,370

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,497

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,370
1$1,3702$1,3953$1,4404$1,6005$1,675
$1,675
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 705 Camberwell Road Simpsonville, SC 1
    • 4 beds 3 baths ∙ 1,931 Sqft ∙ Built 2018 4 beds 3 baths ∙ 1,931 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $0.71
    •  
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    • 3 beds 3 baths ∙ 1,780 Sqft ∙ Built 3 beds 3 baths ∙ 1,780 Sqft ∙ Built
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    • Rent Per SQFT
    •  
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  • 208 Willow Valley Way Simpsonville, SC 4
    • 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 4 beds 3 baths ∙ 2,178 Sqft ∙ Built
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    • Rent
    • Rent Per SQFT
    •  
    • $1,600
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  • 614 Westbury Way Simpsonville, SC 5
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    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.86
    •  
PROPERTY LISTING DETAILS
Patrick Toates
1.864.360.0170
Bhhs C Dan Joyner Miller Rd.
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1431118
Last Updated: 11/05/2020
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