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863 Thornbird Circle Boiling Springs, SC 29316

3 Beds 2 Baths - sqft Built 2002

$204,900

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $143.09
  • 2 Days on Market
  • MLS # : 1431298
  • Updated Date : 11/07/2020 at 15:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 2 full
Listing Agent

Affinity Group Realty

Listing Agent's Description

BACK ON MARKET!! Location Location Location! This gem is in the heart of Boiling Springs with less than 5 minutes from i85 with none of the noise. Walking distance from grocery stores and restaurants! This all brick 3 bedroom/2 bathroom home has plenty of space with main level living plus a bonus room. Enter the front door into an open great room that looks into breakfast/dining room. Durable vinyl wood-like floors run throughout the main space. The kitchen offers 9' ceilings, gorgeous granite countertops, and was recently updated. The large master offers 9' ceilings, a walk-in closet, and an attached full bath. With an upstairs bonus room that has a closet, there is plenty of space! The bonus could be converted to a 4th bedroom. Patio opens up to the fenced back yard for privacy. Enjoy just a short walk to the community pool! Well maintained home and a must-see. Recent price improvement. Bring an offer!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 29316

ZipNIR Market*CityMarket2010Year2000201960k70k80k90k100k110k120k130k140k150k160kPrice in $58k160k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 29316

ZipNIR Market*CityMarket2010Year20002019 Q27008009001000110012001300Rent in $6031359

* 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
Boiling Springs Intermediate School Primary Regular 871 57 8
Boiling Springs Middle School Middle Regular 1,086 65 7
Boiling Springs 9th Grade Campus High Regular 618 33 7

Boiling Springs Intermediate School

  • Education Level: Primary
  • # of students: 871
  • # of teachers: 57
8
GreatSchools Rating

Boiling Springs Middle School

  • Education Level: Middle
  • # of students: 1,086
  • # of teachers: 65
7
GreatSchools Rating

Boiling Springs 9th Grade Campus

  • Education Level: High
  • # of students: 618
  • # of teachers: 33
7
GreatSchools Rating
 

$184,410$225,390$204,900

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$756
Property Tax -$352
Property Insurance -$53
Property Management Fees -$118
CASH FLOW
$191

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$204,900

PROJECTED PRICE

$1,470

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.52%
Appreciation Year (1-5) 5.2%
Maintenance Year (1-5) 8.00%
Vacancy 7.90%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$60,049

INVESTMENT

$60,049

Down Payment
$51,225
Rehab Estimate
$5,750
Closing Costs
$3,074

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$756

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $51,225
Loan Amount $153,675
See What Happens When You Reinvest Cash Flow

8.25

YEARS SAVED

$26,594

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,470

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,508

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,3503$1,4704$1,495
$1,495
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 863 Thornbird Circle Boiling Springs, SC 3
    • 3 beds 2 baths ∙ 1,432 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,432 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $1.03
    •  
  • 520 Lois Way Boiling Springs, SC 1
    • 3 beds 2 baths ∙ 1,275 Sqft ∙ Built 3 beds 2 baths ∙ 1,275 Sqft ∙ Built
    property image
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.98
    •  
  • 739 Bankston Drive Boiling Springs, SC 2
    • 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 3 beds 2 baths ∙ 1,360 Sqft ∙ Built
    property image
    LEASED 12/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.99
    •  
  • 412 Bridgewood Court Boiling Springs, SC 4
    • 3 beds 3 baths ∙ 1,258 Sqft ∙ Built 3 beds 3 baths ∙ 1,258 Sqft ∙ Built
    property image
    LEASED 10/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.19
    •  
PROPERTY LISTING DETAILS
Valentina Ragozinski
1.864.921.2220
Affinity Group Realty
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1431298
Last Updated: 11/07/2020
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