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8 Kennard Court Simpsonville, SC 29681

5 Beds 4 Baths - sqft Built 2012

$289,000

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

December 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $87.31
  • 5 Days on Market
  • MLS # : 1434078
  • Updated Date : 12/23/2020 at 20:27
CONSTRUCTION
  • Beds : 5
  • Floor Size : '-'
  • Baths : 3 full , 1 half
Listing Agent

Realty One Group Freedom

Listing Agent's Description

PRICED TO SELL! Located on a quiet cul-de-sac in Copper Creek. This home features 5 Bedrooms, 3 and half Bathrooms, 2 car Garage, a large Master suite on the main level, and huge Bonus Room on the 2nd level. There is an optional 2nd Master upstairs off the large Bonus Room. The Dining Room is spacious and open with hardwood floors. The large Kitchen opens up to the Breakfast Area and Living Room. The Kitchen features Stainless appliances, a large walk-in pantry, and pull-out drawers in the lower cabinets. Relax on the over-sized deck with the peaceful woods as a backdrop. The Bonus Room features a closet and has the potential to be a 6th Bedroom. The Laundry Room includes built-ins and is perfectly placed on the 2nd floor. **Seller is offering $3000.00 toward flooring allowance with an acceptable offer!!**

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
Bells Crossing Elementary School Primary Regular 955 53 9
Hillcrest Middle School Middle Regular 1,001 55 8
Hillcrest High School High Regular 2,106 103 6

Bells Crossing Elementary School

  • Education Level: Primary
  • # of students: 955
  • # of teachers: 53
9
GreatSchools Rating

Hillcrest Middle School

  • Education Level: Middle
  • # of students: 1,001
  • # of teachers: 55
8
GreatSchools Rating

Hillcrest High School

  • Education Level: High
  • # of students: 2,106
  • # of teachers: 103
6
GreatSchools Rating
 

$260,100$317,900$289,000

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,140
EXPENSES Loan Payment -$1,066
Property Tax -$346
Property Insurance -$88
Property Management Fees -$171
CASH FLOW
$468

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.

$289,000

PROJECTED PRICE

$2,140

PROJECTED RENT

0.74%

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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$82,335

INVESTMENT

$82,335

Down Payment
$72,250
Rehab Estimate
$5,750
Closing Costs
$4,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$1,066

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,250
Loan Amount $216,750
See What Happens When You Reinvest Cash Flow

12.5

YEARS SAVED

$67,139

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,140

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $2,152

    COMP ESTIMATED VALUE
  • $0.65

    COMP AVG. RENT PER SQFT
Comps Range
$2,140
1$2,1402$2,200
$2,200
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 8 Kennard Court Simpsonville, SC 1
    • 5 beds 4 baths ∙ 3,310 Sqft ∙ Built 2012 5 beds 4 baths ∙ 3,310 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $2,140
    • $0.65
    •  
  • 228 Kelsey Glen Lane Simpsonville, SC 2
    • 5 beds 3 baths ∙ 3,388 Sqft ∙ Built 5 beds 3 baths ∙ 3,388 Sqft ∙ Built
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.65
    •  
PROPERTY LISTING DETAILS
Lindsay Stone
1.864.414.4220
Realty One Group Freedom
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1434078
Last Updated: 12/23/2020
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