4196 Edisto Rd

Aiken, SC 29805
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2 bd, 1 ba | 1,616 sqft | Built in 1983

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List Price
$299,000

Initial Investment

$81,478

Purchase Price

$299,000

Down Payment

25%

Rent

$1,912

Total Return

$119,593

Annualized Return

19.6%

Cap Rate

5.4%

Gross Yield

7.7%

Cash Flow

-$1,038

Appreciation

7.3%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

87,120

HOA

None

Flood Risk

Not Required

Unique property on two beautiful acres in Aiken County, close in to I-20 and convenient to Augusta, Lexington & Columbia! Completely remodeled and move-in ready 2 BR/1 BA brick ranch offers 1056 SF of living space. New kitchen cabinets, granite counters, LG & Samsung appliances, refinished hardwood floors, and updated bath with tile floor. Property is also handicapped accessible via a new wooden ramp leading to an expansive back porch. Also 1 BR/1 BA upstairs apartment offers 560 SF over a detached 3-car garage/workshop. Apartment has new LVP flooring, new kitchen and new bath, and a deck overlooking the property.
Roofs and HVACs for the house and apartment were replaced in 2022. Home has new septic, propane tank, tankless water heater and blown insulation also done in 2022. There is one well on the property and three septic tanks (one each for house, apartment and existing mobile home site). Property also has a 2-car carport.
This is a fantastic opportunity for investors in the rapidly developing area near Exit 22, or for an extended family to establish a compound. More mobile homes may be allowed on the property but buyer must verify with Aiken County first.

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

Annual Financial Highlights

Expected Rent

$21,798

Expenses

-$3,880

Property Taxes

-$2,700

Loan Payments

-$16,255

Net Cash Flow

-$1,038

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:Angela Boyette
Agent License 110192
RE/MAX Reinvented
Certified Agent Brokerage:Chris deTreville
Auben Realty, LLC
GA Brokerage License H-67288
SourceAiken MLS
MLS #211528
Last Updated: 05/01/2024 21:05
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