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313 Tumbleweed Terrace Taylors, SC 29687

3 Beds 2 Baths - sqft Built 1985

$253,500

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $148.77
  • 4 Days on Market
  • MLS # : 1433310
  • Updated Date : 12/10/2020 at 06:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : '-'
  • Baths : 2 full
Listing Agent

Allen Tate Co. - Greenville

Listing Agent's Description

Very nice brick ranch home, situated on nice 1/2 acre lot offering 3 car garage with large workshop. Home has a large Greatroom with a wall of bookcases backing to foyer, double fans and opens to back deck. The split bedroom floor plan is perfect for your family. Kitchen with ample counter space and cabinets, double pantry, laundry area and adjoining dining room. Master bedroom is very large, offers 2 closets, sink/dressing area and tub/shower combination. Two additional bedroom and full bath located on separate side of home. The large fenced yard has a storage building at back of lot. Updates include New roof 2019 and newer HVAC, and leaf guard on gutters. This one owner home has been well cared for is ready for your family to make it your special place with your updates. The large deck is in need of repair and can be negotiated or seller willing to make repairs.

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
Greer Middle School Middle Regular 957 57 6
Greer High School High Regular 1,172 61 6

Taylors Elementary School

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

Greer Middle School

  • Education Level: Middle
  • # of students: 957
  • # of teachers: 57
6
GreatSchools Rating

Greer High School

  • Education Level: High
  • # of students: 1,172
  • # of teachers: 61
6
GreatSchools Rating
 

$228,150$278,850$253,500

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$935
Property Tax -$371
Property Insurance -$58
Property Management Fees -$117
CASH FLOW
-$22

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.

$253,500

PROJECTED PRICE

$1,460

PROJECTED RENT

0.58%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$72,928

INVESTMENT

$72,928

Down Payment
$63,375
Rehab Estimate
$5,750
Closing Costs
$3,803

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$935

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $63,375
Loan Amount $190,125
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$9,539

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,460

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,457

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,460
1$1,4602$1,4953$1,500
$1,500
RENT COMPS ANALYSIS
* Sqft is provided from public sources
  • 313 Tumbleweed Terrace Taylors, SC 1
    • 3 beds 2 baths ∙ 1,704 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,704 Sqft ∙ Built 1985
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $0.86
    •  
  • 303 Tumbleweed Terrace Taylors, SC 2
    • 3 beds 2 baths ∙ 1,781 Sqft ∙ Built 3 beds 2 baths ∙ 1,781 Sqft ∙ Built
    property image
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.84
    •  
  • 527 Wood Road Taylors, SC 3
    • 4 beds 2 baths ∙ 1,717 Sqft ∙ Built 4 beds 2 baths ∙ 1,717 Sqft ∙ Built
    property image
    LEASED 01/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.87
    •  
PROPERTY LISTING DETAILS
Linda Humphries
1.864.304.6100
Allen Tate Co. - Greenville
Lauren Taylor
1.866.250.5610
Homeunion SC LLC
21064
( GGARMLS)
MLS #: 1433310
Last Updated: 12/10/2020
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