148 Sweet Cherry Ln

Summerville, SC 29486
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4 bd, 3 ba | 2,174 sqft | Built in 2021

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List Price
$380,000

Initial Investment

$103,550

Purchase Price

$380,000

Down Payment

25%

Rent

$2,240

Total Return

$117,536

Annualized Return

15.2%

Cap Rate

3.7%

Gross Yield

7.1%

Cash Flow

-$6,752

Appreciation

7.1%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

6,534

HOA

$83/mo

Flood Risk

Not Required

This is the ELSTON floorplan...Don't wait for a new build-this 4 bedroom home truly has it all! Have you been searching for a beautiful and well-maintained home offering tons of storage, a double pantry option and generous sized bedrooms PLUS nestled on a premium lot? Then this home is for you. Welcome to 148 Sweet Cherry Lane conveniently located near multiple shops and stores in the Shell Pointe community of Cobblestone Village. This smart home is a 2-story charmer with 9 foot ceilings and has been painted with upgraded SW from top to bottom.As you enter the front door, you will instantly take note of the natural sunlight filtering through the windows as well as the beautiful low maintenance scraped detailing laminate flooring. The always sought after open concept living space is perfect for your social gatherings. Every detail in this home is light and cheery and the floor plan is perfect to maintain your social calendar with the open concept layout.
The kitchen features granite countertops, beautiful white cabinets with crown moulding a large island and stainless steel appliances. There is also a walk-in pantry with pine shelving plus an "under the stairs" pantry with oak shelving perfect for pantry overflow or extra storage. Both the dining space and the living area are well-designed and will accommodate a host of furniture options to meet your needs.
The upgraded marble countertops in each of the bathrooms and the endless storage space options are just a couple of the worthy benefits. The backyard is a cherished feature to take note of and has been one of the Seller's most loved details of their home. The lot is premium with the woods and a small pond view backdrop bringing you the peace and serenity we all crave.
As you reach the top of the stairs, you will find an ample sized multi-functional loft area which is perfect for an office, sitting area, reading nook or even a play space. The owner's suite is grand and the walk-in closet is impressive and again, brings in the natural light. Your ensuite features a large walk-in shower, a marble counter double vanity and a deep linen closet for extra storage. The remaining three bedrooms are quite spacious and generously sized enough for larger furniture. You will also find overhead storage was installed in the garage and has been utilized for easy access to seasonal and holiday decor.
The Shell Pointe community features a lovely neighborhood pool and walking trails and the location allows for easy access in your daily commute.

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

Annual Financial Highlights

Expected Rent

$25,536

Expenses

-$4,779

Property Taxes

-$6,850

Loan Payments

-$20,659

Net Cash Flow

-$6,752

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:Julie Neira
Agent License 106524
Better Homes And Gardens Real Estate Palmetto
Certified Agent Brokerage:Chris deTreville
Auben Realty, LLC
GA Brokerage License H-67288
SourceCHS Regional MLS
MLS #23021452
Last Updated: 09/18/2023 17:09
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