2247 Bailey Dr

North Charleston, SC 29405
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3 bd, 2 ba | 2,106 sqft | Built in 1944

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List Price
$289,000

Initial Investment

$78,753

Purchase Price

$289,000

Down Payment

25%

Rent

$2,730

Total Return

$180,111

Annualized Return

29.4%

Cap Rate

8.0%

Gross Yield

11.3%

Cash Flow

$6,194

Appreciation

8.7%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

6,534

HOA

None
Calling all investors, don't miss this opportunity to own this beautiful 3-bedroom 2 bath home with a ton of potential and over 2000 sq ft of living space. fenced yard very well maintained home. Located in Dorchester Terrace Community just minutes from Downtown and beaches. . Please read agent notes

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

Annual Financial Highlights

Expected Rent

$31,122

Expenses

-$6,267

Property Taxes

-$2,950

Loan Payments

-$15,712

Net Cash Flow

$6,194

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:Roslyn Parker
Agent License 46777
Coldwell Banker Realty
Certified Agent Brokerage:Chris deTreville
Auben Realty, LLC
GA Brokerage License H-67288
SourceCHS Regional MLS
MLS #24009123
Last Updated: 04/26/2024 02:04
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