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8 Tamwood Circle Simpsonville, SC 29680

3 Beds 2 Baths - sqft Built 1975

$169,000

List Price

$1,190

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
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

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

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$152,100$185,900$169,000

PURCHASE PRICE

$1,071$1,309$1,190

RENT

DOWN PAYMENT
FINANCING

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

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$50,535

INVESTMENT

$50,535

Down Payment
$42,250
Rehab Estimate
$5,750
Closing Costs
$2,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$587

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $42,250
Loan Amount $126,750
See What Happens When You Reinvest Cash Flow

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
$1,190
1$1,1902$1,3953$1,3954$1,595
$1,595
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 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
Brande Bennett
1.864.982.2272
Exp Realty Llc
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1436762
Last Updated: 02/05/2021
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