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3 Brightleaf Court Simpsonville, SC 29680

4 Beds 3 Baths - sqft Built 1997

$293,000

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1997
  • Price/Sqft : $125.16
  • 2 Days on Market
  • MLS # : 1430914
  • Updated Date : 11/02/2020 at 21:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : '-'
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Greenville Cen

Listing Agent's Description

Cozy 4 bedroom home in Neely Farm subdivision! This adorable home is nestled in a cul-de-sac on a .3 acre lot. As you pull up, notice the spacious front yard and great curb appeal. Tons of windows on this home make it unique and bring in lots of natural light! As you step inside, envision this as your next home! To the left is space perfect as a living room, office, etc. To the right is the formal dining room that leads in to the kitchen - perfect place for hosting or entertaining! Ready to check out the kitchen? This kitchen is BEAUTIFUL and boasts white cabinets, gold hardware, stainless appliances, and dark granite. Attached is the breakfast area surrounded by windows. What better place to start the morning! The living room has a gorgeous gas fireplace and mantle, with lots of room to truly make it your own. As if you weren't impressed enough, wait until you see the 2nd level! Up the stairs to the left you will find the master bedroom. The master suite is so spacious with double sinks, walk-in closet, separate tub and shower, and even its own bonus room! Great extra space for an office, sitting area, man cave, etc. Additionally on this level are two bedrooms, a full bathroom, and an third bedroom that could also serve as a bonus room. There is a HUGE fully fenced yard off the back of the home with an awesome deck. This home is in an AWESOME community with such great amenities - tennis court, clubhouse, playground, and pool are just a few to name! And being only minutes from Fairview Rd, this is PRIME location to shopping, dining, and more. Priced under $300k, you do NOT want to miss out on seeing this home - it is going to fly! Schedule your showing and come see today!!

SEE MORE

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

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Plain Elementary School Primary Regular 885 46 9
Ralph Chandler Middle School Middle Regular 689 37 8
Woodmont High School High Regular 1,801 89 6

Plain Elementary School

  • Education Level: Primary
  • # of students: 885
  • # of teachers: 46
9
GreatSchools Rating

Ralph Chandler Middle School

  • Education Level: Middle
  • # of students: 689
  • # of teachers: 37
8
GreatSchools Rating

Woodmont High School

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

$263,700$322,300$293,000

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,081
Property Tax -$358
Property Insurance -$70
Property Management Fees -$139
CASH FLOW
$92

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.

$293,000

PROJECTED PRICE

$1,740

PROJECTED RENT

0.59%

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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,395

INVESTMENT

$83,395

Down Payment
$73,250
Rehab Estimate
$5,750
Closing Costs
$4,395

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,081

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,250
Loan Amount $219,750
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$24,834

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,703

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5503$1,5954$1,6955$1,740
$1,740
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 3 Brightleaf Court Simpsonville, SC 5
    • 4 beds 3 baths ∙ 2,341 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,341 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.74
    •  
  • 802 Bindon Lane Simpsonville, SC 1
    • 3 beds 3 baths ∙ 2,152 Sqft ∙ Built 3 beds 3 baths ∙ 2,152 Sqft ∙ Built
    LEASED 10/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.69
    •  
  • 307 Plamondon Drive Simpsonville, SC 2
    • 3 beds 3 baths ∙ 2,036 Sqft ∙ Built 3 beds 3 baths ∙ 2,036 Sqft ∙ Built
    LEASED 11/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.76
    •  
  • 5 Phaeton Avenue Simpsonville, SC 3
    • 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 4
    • 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
Mark Rucker
1.864.616.1932
Keller Williams Greenville Cen
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1430914
Last Updated: 11/02/2020
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