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244 Finley Hill Court 
Simpsonville, SC
29681
3 Beds 3 Baths - sqft
Built 2013
INVESTimate
$219,900
List Price
$64,024
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PROPERTY INFO
FACTS
- Built In 2013
- Price/Sqft : $120.30
- 2 Days on Market
- MLS # : 1425781
- Updated Date : 08/25/2020 at 16:28
CONSTRUCTION
- Beds : 3
- Floor Size : '-'
- Baths : 2 full , 1 half
Listing Agent
Coldwell Banker Caine/williams
Listing Agent's Description
Great location in Five Forks! Welcome home to 244 Finley Hill Court. This home is located on a large, .37 acre lot that has a huge side yard and backs to a wooded natural area with a creek. The driveway is oversized and perfect for multiple cars. Open concept floor plan with hardwood floors throughout the first floor. Charming fireplace and adorable kitchen with stainless steel appliances. Upstairs, you'll find a large versatile loft, perfect for a playroom, sitting room, or office. The master suite is your private getaway with a large bedroom, bathroom with double vanities, separate shower and soaking tub and huge walk-in closet. Two additional bedrooms, a bathroom and laundry area complete the 2nd floor. This is a great home in a very sought after, growing area! A little paint and new carpet will have this beautiful home shining!
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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
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,520 |
| EXPENSES | Loan Payment | -$811 |
| Property Tax | -$264 | |
| Property Insurance | -$61 | |
| Property Management Fees | -$122 | |
|
CASH FLOW
$263
|
||
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.
$219,900
PROJECTED PRICE
$1,520
PROJECTED RENT
0.69%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.42% |
| Appreciation Year (1-5) | 3.37% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.12% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$64,024
LOAN DETAILS
$811
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $54,975 |
| Loan Amount | $164,925 |
10.58
YEARS SAVED
$41,008
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,520
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$1,584
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
244 Finley Hill Court Simpsonville, 2
- 3 beds 3 baths ∙ 1,828 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,828 Sqft ∙ Built 2013
- Rent
- Rent Per SQFT
- $1,520
- $0.83
-
423 Peaksview Drive Simpsonville, 1
- 3 beds 2 baths ∙ 1,759 Sqft ∙ Built 3 beds 2 baths ∙ 1,759 Sqft ∙ Built
LEASED 01/14/20- Rent
- Rent Per SQFT
- $1,495
- $0.85
-
316 Lockeland Park Drive Simpsonville, 3
- 4 beds 2 baths ∙ 1,914 Sqft ∙ Built 4 beds 2 baths ∙ 1,914 Sqft ∙ Built
LEASED 09/24/19- Rent
- Rent Per SQFT
- $1,595
- $0.83
-
439 Peaksview Drive Simpsonville, 4
- 3 beds 2 baths ∙ 1,784 Sqft ∙ Built 3 beds 2 baths ∙ 1,784 Sqft ∙ Built
LEASED 08/03/20- Rent
- Rent Per SQFT
- $1,650
- $0.92
PROPERTY LISTING DETAILS
1.864.346.9922
Coldwell Banker Caine/williams
1.866.250.5610
Homeunion SC LLC
21064
MLS #: 1425781
Last Updated: 08/25/2020
