205 Woodchase Ln

Elgin, SC 29045
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3 bd, 2 ba | 1,321 sqft | Built in 1990

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List Price
$159,900

Initial Investment

$41,848

Purchase Price

$149,900

Down Payment

25%

Rent

$1,450

Total Return

$47,458

Annualized Return

16.5%

Cap Rate

5.9%

Gross Yield

11.6%

Cash Flow

$43

Appreciation

5.7%
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Features

Occupancy

Occupied

Lease Start

-

Lease End

-

Lot Size

12,891

HOA

$3/mo

Flood Risk

Not Required

Nice Briarcliffe home with 3 bedrooms, 2 baths. Recent updates mades to include painting, flooring, granite counters, new fixtures. High end pergo laminate flooring keeps this home looking and staying clean. No carpet at all! Great room is spacious and has fireplace. Kitchen has eat-in area with bay window. Master bedroom has private bathroom and walk-in closet. Bedroom 2 has walk-in closet. Laundry room is off kitchen with new flooring. Deck was recently replaced and is oversized. Nice large yard in front and back. Roof, HVAC and appliances upgraded in 2016.

See more in Analysis
Matt Crawford
The Montgomery Company LLC
SC Agent License #106717

Annual Financial Highlights

Expected Rent

$16,530

Expenses

-$4,181

Property Taxes

-$4,157

Loan Payments

-$8,149

Net Cash Flow

$43

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:Jae Kim
EXIT Real Estate Solutions
Certified Agent Brokerage:Matt Crawford
The Montgomery Company LLC
SC Brokerage License 21044
SourceConsolidated MLS (CMLS)
MLS #522747
Last Updated: 07/27/2021 13:07
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