304 S Magnolia Ave

Andrews, SC 29510
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3 bd, 2 ba | 1,229 sqft | Built in 2022

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List Price
$220,000

$5K

Initial Investment

$59,950

Purchase Price

$220,000

Down Payment

25%

Rent

$1,400

Total Return

$52,300

Annualized Return

13.3%

Cap Rate

5.3%

Gross Yield

7.6%

Cash Flow

-$462

Appreciation

4.5%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

13,939

HOA

None
This charming 3 bedroom, 2 bathroom, one level home, built in 2022, offers the perfect blend of modern comfort and classic appeal. With no HOA and a large lot you are welcome to bring on your boat, camper or atv! Step inside to discover an inviting open concept layout, ideal for entertaining guests and hosting gatherings. As you enter you will immediately notice the beautiful LVP flooring and the vaulted ceiling in the living room. The spacious kitchen is a chef's delight, featuring granite countertops, white shaker cabinets and sleek stainless steel appliances, perfect for preparing delicious meals and creating lasting memories with loved ones. Situated on a generous lot, this home provides ample space for outdoor activities and relaxation. Enjoy the convenience of a huge carport withlarge wooden columns keeping you protected from the elements as you enter your home. Enjoy the primary bedroom, complete with a walk-in closet and a lovely en-suite bathroom, offering a peaceful sanctuary after a long day. Located just a short 20-minute drive from historic Georgetown, SC, residents can easily explore charming shops and waterfront dining options, adding to the allure of this wonderful community. Don't miss your chance to make this enchanting Andrews residence your forever home!

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

Annual Financial Highlights

Expected Rent

$15,960

Expenses

-$2,362

Property Taxes

-$2,100

Loan Payments

-$11,960

Net Cash Flow

-$462

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:Wendi Conyers
Agent License 118163
The Real Estate Firm
Certified Agent Brokerage:Chris deTreville
Auben Realty, LLC
GA Brokerage License H-67288
SourceCHS Regional MLS
MLS #24008842
Last Updated: 04/26/2024 13:04
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