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14 Amy Lane Taylors, SC 29687

3 Beds 2 Baths - sqft Built 1970

$189,900

List Price

$1,300

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

January 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $126.77
  • 1 Days on Market
  • MLS # : 1434414
  • Updated Date : 01/03/2021 at 01:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 2 full
Listing Agent

Realty One Group Freedom

Listing Agent's Description

GREAT EASTSIDE LOCATION! NICE QUIET NEIGHBORHOOD! FLAT FENCED LOT! QUALITY UPDATED HOME! WONDERFUL TOP-RANKED SCHOOLS! GREAT PRICE FOR ALL! "Eastside GREENVILLE”…LOCATION doesn't get any better! LOCATION is within minutes of shopping, dining, medical, schools and I-85 to take you everywhere! NICE ESTABLISHED NEIGHBORHOOD of similar homes, consisting of spacious lots and quality mostly full-brick homes! GREAT FENCED YARD with room for pets and children to run and play! The home itself is a FULL BRICK (nothing like brick) QUALITY-BUILT by local builder. The spacious one-story floorplan has been remodeled to give an open floor plan for family activity and entertaining. Wonderful original hardwoods are throughout most of the home. Updates include: roof (2019), entirely new HVAC system including wiring and ductwork, solar system, new flooring in den and kitchen, enclosed laundry room, thermostatic vent fans in attic and foundation crawlspace, new "Bathfitter" shower in large bathroom, new double vanity in large bathroom, updates to Master Bathroom, new stainless steel sink in kitchen and new water heater. In addition, an allowance of $2500 will be given to buyer at closing to update kitchen appliances and/or for a paint color change (with acceptable offer…must be STIPULATED in offer.). GREAT PRICE for this FULL BRICK HOME that stands the TEST OF TIME! If SF is important to buyer, buyer must verify.

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PRICE & RENT TRENDS

Zip Code: 29687

ZipNIR Market*CityMarket2010Year2000201980k90k100k110k120k130k140k150k160k170k180k190kPrice in $79k199k

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

Zip Code: 29687

ZipNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400Rent in $8681413

* 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
Brook Glenn Elementary School Primary Regular 449 30 8
Northwood Middle School Middle Regular 853 50 8
Eastside High School High Regular 1,440 74 6

Brook Glenn Elementary School

  • Education Level: Primary
  • # of students: 449
  • # of teachers: 30
8
GreatSchools Rating

Northwood Middle School

  • Education Level: Middle
  • # of students: 853
  • # of teachers: 50
8
GreatSchools Rating

Eastside High School

  • Education Level: High
  • # of students: 1,440
  • # of teachers: 74
6
GreatSchools Rating
 

$170,910$208,890$189,900

PURCHASE PRICE

$1,170$1,430$1,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,300
EXPENSES Loan Payment -$701
Property Tax -$278
Property Insurance -$55
Property Management Fees -$104
CASH FLOW
$163

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$189,900

PROJECTED PRICE

$1,300

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.16%
Appreciation Year (1-5) 5.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.54%
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$500k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$56,074

INVESTMENT

$56,074

Down Payment
$47,475
Rehab Estimate
$5,750
Closing Costs
$2,849

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$701

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $47,475
Loan Amount $142,425
See What Happens When You Reinvest Cash Flow

8.17

YEARS SAVED

$24,266

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,300

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,326

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,2753$1,300
$1,300
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 14 Amy Lane Taylors, SC 3
    • 3 beds 2 baths ∙ 1,498 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,498 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.87
    •  
  • 3 Idlewilde Avenue Taylors, SC 1
    • 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 3 beds 2 baths ∙ 1,350 Sqft ∙ Built
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.89
    •  
  • 6 River Hill Court Taylors, SC 2
    • 3 beds 3 baths ∙ 1,452 Sqft ∙ Built 3 beds 3 baths ∙ 1,452 Sqft ∙ Built
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.88
    •  
PROPERTY LISTING DETAILS
Britt Brandt
1.864.787.3873
Realty One Group Freedom
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1434414
Last Updated: 01/03/2021
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