384 Bering Ln

Summerville, SC 29486
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4 bd, 3 ba | 2,211 sqft | Built in 2020

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List Price
$379,900

Initial Investment

$103,523

Purchase Price

$379,900

Down Payment

25%

Rent

$2,420

Total Return

$149,283

Annualized Return

19.5%

Cap Rate

5.3%

Gross Yield

7.6%

Cash Flow

-$768

Appreciation

7.1%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

6,098

HOA

$88/mo

Flood Risk

Not Required

Experience spacious living at 384 Bering Lane, a captivating two-story residence boasting a generous main level and a convenient two-car garage. Upon entry through the foyer, discover the expansive great room seamlessly integrated with a gourmet kitchen and a designated dining area, perfect for entertaining or casual gatherings. Ascend to the second floor to find the owner's suite, complete with a luxurious large bathroom and a walk-in closet, along with three secondary bedrooms, a full bath, and a convenient laundry room. The staircase and upstairs hallway adorned with new flooring, adding a touch of modern elegance to the home's aesthetic since 2023.Residents of this esteemed address will revel in a wealth of world-class amenities, including aresort-style pool, a welcoming clubhouse, an indoor pickleball court, a bocce ball court, a playground for children, a cozy gas fire pit, and even a convenient boat launch for aquatic adventures. Additionally, recent updates include new gutters and light fixtures installed in 2023, ensuring both style and functionality are seamlessly integrated throughout the property. Indulge in the epitome of upscale living at 384 Bering Lane.

See more in Analysis
Joe Porter
Auben Realty, LLC
SC Agent License #70601

Annual Financial Highlights

Expected Rent

$27,588

Expenses

-$5,903

Property Taxes

-$1,800

Loan Payments

-$20,653

Net Cash Flow

-$768

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:Jason Husted
Agent License 100085
The Husted Team powered by Keller Williams
Certified Agent Brokerage:Joe Porter
Auben Realty, LLC
SC Brokerage License 19231
SourceCHS Regional MLS
MLS #24009744
Last Updated: 04/19/2024 22:04
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