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102 Brittle Creek Lane Simpsonville, SC 29681

5 Beds 3 Baths - sqft Built 2006

$282,500

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $111.31
  • 2 Days on Market
  • MLS # : 1431751
  • Updated Date : 11/14/2020 at 19:03
CONSTRUCTION
  • Beds : 5
  • Floor Size : '-'
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Greenville Cen

Listing Agent's Description

This MOVE IN READY HOME in the charming community of Morning Mist will certainly catch your eye! Only minutes from Downtown Simpsonville, shopping and dining options, medical offices, I385, AND still enjoy quiet cul de sac living! This 5 bedroom, 2.5 bath home offers plenty of living space and you will fall in love as soon as you open the front door! Upon entering the home you will be drawn to the Brazilian teak hardwoods beginning in the entry and continuing through most of the main level. A formal living room with a wide angled entrance can be found just off of the entry along with an elegant dining room with classic wainscoting. The centrally located great room showcases a gas log fireplace with stunning tile details and flows into the large open kitchen/breakfast area where you will find an abundance of cabinets, stainless steel appliances,  granite countertops,  gorgeous tile backsplash, and a custom built center island. A cathedral ceiling crowns the adjoining sun room, where walls of windows flood the entire space with soft, natural light. The sun room opens to the rear patio and the level, tree-lined backyard, perfect for entertaining! The main level of the home also includes one bedroom that would make a great home office or homeschool room (perfect for 2020 distance learning!), a powder room, and a walk-in closet under the stairway for extra storage! Upstairs you'll find the Master suite, complete with a beautiful cathedral ceiling, 10x8 walk-in closet, and the updated bathroom with his & hers vanities, durable Swanstone contoured sinks, extensive tile work, and a large shower. The three remaining bedrooms are all oversized with unbelievable closet space! They share a centrally located hall bath with a tub/shower combination and tile flooring. The upstairs laundry room adds convenience and rounds out the second level of this beautiful home. Morning Mist is an established neighborhood with a wide variety of amenities including a pool, playground, common areas, and more!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 29681

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $85k259k

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

Zip Code: 29681

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9171760

* 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
Ellen Woodside Elementary School Primary Regular 643 35 6
Woodmont Middle School Middle Regular 628 38 6
Woodmont High School High Regular 1,801 89 6

Ellen Woodside Elementary School

  • Education Level: Primary
  • # of students: 643
  • # of teachers: 35
6
GreatSchools Rating

Woodmont Middle School

  • Education Level: Middle
  • # of students: 628
  • # of teachers: 38
6
GreatSchools Rating

Woodmont High School

  • Education Level: High
  • # of students: 1,801
  • # of teachers: 89
6
GreatSchools Rating
 

$254,250$310,750$282,500

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,042
Property Tax -$346
Property Insurance -$74
Property Management Fees -$146
CASH FLOW
$212

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.

$282,500

PROJECTED PRICE

$1,820

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$80,613

INVESTMENT

$80,613

Down Payment
$70,625
Rehab Estimate
$5,750
Closing Costs
$4,238

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $70,625
Loan Amount $211,875
See What Happens When You Reinvest Cash Flow

8.42

YEARS SAVED

$37,544

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,853

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6953$1,820
$1,820
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 102 Brittle Creek Lane Simpsonville, SC 3
    • 5 beds 3 baths ∙ 2,538 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,538 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.72
    •  
  • 5 Phaeton Avenue Simpsonville, SC 1
    • 4 beds 3 baths ∙ 2,235 Sqft ∙ Built 4 beds 3 baths ∙ 2,235 Sqft ∙ Built
    LEASED 10/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.71
    •  
  • 3 Semmelrock Drive Simpsonville, SC 2
    • 4 beds 3 baths ∙ 2,248 Sqft ∙ Built 4 beds 3 baths ∙ 2,248 Sqft ∙ Built
    LEASED 05/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.75
    •  
PROPERTY LISTING DETAILS
Angie Brazell
1.864.787.0048
Keller Williams Greenville Cen
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1431751
Last Updated: 11/14/2020
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