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2 Shelly Lane Taylors, SC 29687

4 Beds 3 Baths - sqft Built 1974

$260,000

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $115.97
  • 3 Days on Market
  • MLS # : 1432931
  • Updated Date : 12/04/2020 at 17:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : '-'
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

You will love this GORGEOUS 4 bedroom, 2 bath home that has over 2200 square feet for you to enjoy! Located in Edward's Forest, this one story home includes a two car attached garage, a screened in porch, and a large fenced in yard. This all brick home has a beautiful front porch to greet you as you walk up the brick steps. Entering through the bright, red door, you step into the foyer. On your left is a living room that is perfect for entertaining as it is connected to the dining room. Past the dining room is a breakfast nook inside the spacious kitchen. With white cabinets, tile backsplash and an island for additional space, this kitchen is perfect for extra storage. Attached to the kitchen is the walk in laundry room that doubles as a half bath. Off of the kitchen is a screened in porch with a view of the beautiful backyard. Connected to the kitchen, is the den that has stunning high ceilings. Large windows offer a great view of the backyard and bring lots of natural light into the space. The masonry fireplace is sure to keep you warm all winter! Laminate flooring leads you to the hallway that has the bedrooms and bathrooms. The first full bathroom has a tiled tub/shower combo with a beautiful vanity. At the end of the hallway is the large master bedroom that includes a walk in closet and full bath. Attached to the home is the two car garage that has a room for extra storage space or could be used for a home office! This home is located halfway between Greenville and Greer in Taylors. It is a close distance to I-85 as well. Come see 2 Shelly Lane and see what makes this home amazing!

SEE MORE

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
Taylors Elementary School Primary Regular 776 44 7
Sevier Middle School Middle Regular 628 38 7
Wade Hampton High School High Regular 1,656 84 7

Taylors Elementary School

  • Education Level: Primary
  • # of students: 776
  • # of teachers: 44
7
GreatSchools Rating

Sevier Middle School

  • Education Level: Middle
  • # of students: 628
  • # of teachers: 38
7
GreatSchools Rating

Wade Hampton High School

  • Education Level: High
  • # of students: 1,656
  • # of teachers: 84
7
GreatSchools Rating
 

$234,000$286,000$260,000

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$959
Property Tax -$387
Property Insurance -$68
Property Management Fees -$127
CASH FLOW
$49

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.

$260,000

PROJECTED PRICE

$1,590

PROJECTED RENT

0.61%

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$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,650

INVESTMENT

$74,650

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$959

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $65,000
Loan Amount $195,000
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$15,238

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,682

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,590
1$1,5902$1,6953$1,7004$1,735
$1,735
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 2 Shelly Lane Taylors, SC 1
    • 4 beds 3 baths ∙ 2,242 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,242 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.71
    •  
  • 3 Falcon Drive Taylors, SC 2
    • 4 beds 2 baths ∙ 2,169 Sqft ∙ Built 4 beds 2 baths ∙ 2,169 Sqft ∙ Built
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.78
    •  
  • 710 Stallings Road Taylors, SC 3
    • 3 beds 3 baths ∙ 2,240 Sqft ∙ Built 3 beds 3 baths ∙ 2,240 Sqft ∙ Built
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.76
    •  
  • 2 Madeline Circle Taylors, SC 4
    • 3 beds 3 baths ∙ 2,442 Sqft ∙ Built 3 beds 3 baths ∙ 2,442 Sqft ∙ Built
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,735
    • $0.71
    •  
PROPERTY LISTING DETAILS
Parker Mcgraw
1.864.580.0871
Keller Williams Realty
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1432931
Last Updated: 12/04/2020
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