1604 Eider Down Dr

Summerville, SC 29483
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3 bd, 3 ba | 2,349 sqft | Built in 2018

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List Price
$355,000

Initial Investment

$96,738

Purchase Price

$355,000

Down Payment

25%

Rent

$2,400

Total Return

$132,985

Annualized Return

18.3%

Cap Rate

4.8%

Gross Yield

8.1%

Cash Flow

-$3,059

Appreciation

7.3%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

4,356

HOA

$22/mo

Flood Risk

Not Required

Nestled in the desirable Drakesborough community of Summerville, this delightful home effortlessly blends charm, comfort, and convenience. From the moment you arrive, the pleasant exterior invites you inside, where you'll discover an array of impressive features, including wood flooring, abundant natural light, and an open floor plan designed for modern living. The thoughtfully designed layout begins with a built-in drop zone, perfect for keeping things organized, before leading you into the heart of the home. The open living and dining area offers a welcoming space with views of the backyard, while the adjoining kitchen is a dream for both cooking and entertaining. Here, you'll find attractive countertops, ample cabinetry, stainless steel appliances,a walk-in pantry, and a large island with seating. A dining area with access to the covered patio and fenced backyard completes this functional and stylish space.
Upstairs, a spacious loft offers endless possibilities as a second family room, media space, or office. The luxurious primary suite boasts a tray ceiling, an expansive ensuite bath with dual vanities, a soaking tub, a step-in shower, and a large walk-in closet. Two additional bedrooms, a full bathroom, and a convenient laundry room complete the second level.
Ideally located just 3.1 miles from I-26, 6 miles from Historic Downtown Summerville, and 8.9 miles from Nexton Square, this home provides the perfect combination of a peaceful neighborhood setting and easy access to shopping, dining, and entertainment. Don't miss your chance to make this remarkable property your own!

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

Annual Financial Highlights

Expected Rent

$27,360

Expenses

-$4,720

Property Taxes

-$6,400

Loan Payments

-$19,300

Net Cash Flow

-$3,059

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:Lee Mathis
Agent License 102887
Matt O'Neill Real Estate
Certified Agent Brokerage:Chris deTreville
Auben Realty, LLC
GA Brokerage License H-67288
SourceCHS Regional MLS
MLS #24029410
Last Updated: 11/23/2024 00:11
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