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PROPERTY INFO
FACTS
- Single Family
- Built In 1975
- Price/Sqft : $110.46
- 4 Days on Market
- MLS # : 1436762
- Updated Date : 02/05/2021 at 17:15
CONSTRUCTION
- Beds : 3
- Floor Size : '-'
- Baths : 2 full
Listing Agent
Exp Realty Llc
Listing Agent's Description
INCREDIBLE LOCATION with no HOA and AWARD WINNING SCHOOLS...This home has 3 bedrooms, 2 bathroom with a split floor plan, original hardwood floors in the main living room, HUGE kitchen with tons of cabinets and an island for extra prep space. Outside boasts a charming rocking chair front porch, 3 car garage (in a neighborhood with very few garages), fenced yard, and a covered patio great for entertaining. We have priced it to reflect that the Sellers would like to either sell As Is, or do very minimal repairs. It will go fast, so make your appointment now. ***CAUTION - If your Buyer would like to look inside the garage, we ask that you try to look from the doorway, and not walk through. There are many loose items and the "Safety First" mindset should be taken. We had the home professionally measured and this floorplan is in the doc section. Buyers Agent is responsible to verify if square footage is important to Buyer.
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PRICE & RENT TRENDS
Zip Code: 29680
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 29680
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
Sorry, we do not have sufficient school data for this neighborhood.
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,190 |
| EXPENSES | Loan Payment | -$587 |
| Property Tax | -$226 | |
| Property Insurance | -$55 | |
| Property Management Fees | -$95 | |
|
CASH FLOW
$227
|
||
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.
$169,000
PROJECTED PRICE
$1,190
PROJECTED RENT
0.70%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$50,535
LOAN DETAILS
$587
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $42,250 |
| Loan Amount | $126,750 |
11.17
YEARS SAVED
$28,644
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,190
LIST RENT -
$0.78
LIST RENT PER SQFT
-
$1,336
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
8 Tamwood Circle Simpsonville, SC 1
- 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1975
- Rent
- Rent Per SQFT
- $1,190
- $0.78
-
211 Two Gait Lane Simpsonville, SC 2
- 3 beds 3 baths ∙ 1,780 Sqft ∙ Built 3 beds 3 baths ∙ 1,780 Sqft ∙ Built
LEASED 11/08/19- Rent
- Rent Per SQFT
- $1,395
- $0.78
-
805 Brentwood Way Simpsonville, SC 3
- 3 beds 2 baths ∙ 1,426 Sqft ∙ Built 3 beds 2 baths ∙ 1,426 Sqft ∙ Built
LEASED 08/31/20- Rent
- Rent Per SQFT
- $1,395
- $0.98
-
609 Two Gait Lane Simpsonville, SC 4
- 4 beds 3 baths ∙ 1,853 Sqft ∙ Built 4 beds 3 baths ∙ 1,853 Sqft ∙ Built
LEASED 08/12/19- Rent
- Rent Per SQFT
- $1,595
- $0.86
PROPERTY LISTING DETAILS
1.864.982.2272
Exp Realty Llc
1.866.250.5610
Homeunion SC LLC
21064
MLS #: 1436762
Last Updated: 02/05/2021
