201 Colfax Dr

Boiling Springs, SC 29316
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5 bd, 3 ba | 2,588 sqft | Built in 2007

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List Price
$355,000

Initial Investment

$96,738

Purchase Price

$355,000

Down Payment

25%

Rent

$2,270

Total Return

$158,045

Annualized Return

20.4%

Cap Rate

4.5%

Gross Yield

7.7%

Cash Flow

-$4,428

Appreciation

8.7%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

12,066

HOA

None

Flood Risk

Not Required

If convenience is what you are looking for then look no further. Located in the heart of Boiling Springs - Sterling Estates is conveniently located near interstate I-85. Close to schools, shopping and dining. This home features 5 bedrooms, 3 full baths and an office/flex room. Lots of space for your family’s needs. Kitchen with island and stainless-steel appliances. Family room with gas log fireplace. French doors leads to your large en suite. Large laundry area on second floor. The backyard is another great area for entertaining with a covered patio area and fire pit in the yard. Sterling Estates neighborhood features a pool, clubhouse, streetlights and a beautiful front entrance and common area.

See more in Analysis
Chris deTreville
Auben Realty, LLC
GA Agent License #64566

Annual Financial Highlights

Expected Rent

$25,878

Expenses

-$4,606

Property Taxes

-$6,400

Loan Payments

-$19,300

Net Cash Flow

-$4,428

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:RUSTY WILLIAMS
Agent License 31277
Century 21 Blackwell & Co
Certified Agent Brokerage:Chris deTreville
Auben Realty, LLC
GA Brokerage License H-67288
SourceGreater Greenville AOR MLS
MLS #1524232
Last Updated: 04/24/2024 19:04
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