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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
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
* 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
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$82,335
LOAN DETAILS
$1,066
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $72,250 |
| Loan Amount | $216,750 |
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
-
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
1.864.414.4220
Realty One Group Freedom
1.866.250.5610
Homeunion SC LLC
21064
MLS #: 1434078
Last Updated: 12/23/2020
