16 Monarch Ln

Columbia, SC 29229
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4 bd, 2 ba | 2,123 sqft | Built in 1997

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List Price
$310,000

Initial Investment

$84,475

Purchase Price

$310,000

Down Payment

25%

Rent

$2,000

Total Return

$75,614

Annualized Return

12.4%

Cap Rate

3.7%

Gross Yield

7.7%

Cash Flow

-$6,322

Appreciation

6.2%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

13,939

HOA

$30/mo

Flood Risk

Not Required

Check out this gorgeous 4 bedroom 2 bath home with 2 car side entry garage, in a cul-de-sac, waiting for its next owner! Enter the home to see hardwood floors and an open floor plan feel! The formal dining room with cathedral ceilings is located to the left of the large foyer space. Enter into the living room that features tray ceilings and a gas fireplace to enjoy the cozy nights by the fire! The kitchen has plenty of cabinet space with solid surface counter tops, tile floors, appliances all stay (including the fridge) and an eat-in dining space. The primary bedroom is located on the rear of the home with a private bathroom with separate shower, tub, water closet, double sinks and walk-in closet. The laundry room is conveniently located outside of the primary bedroom, it also has a sink and the seller is leaving the washer and dryer! Head upstairs to find a large bedroom space with closet and connected attic storage! There are two other nicely sized bedrooms and a full bathroom on the other side of the home, one of which has soaring ceilings! The natural light in this home is just what the doctor ordered! Head outside to enjoy the freshly painted deck and fire pit space from your gorgeous backyard! Not looking to move until late February, that is also ok! This home has so much to give, schedule your appointment today!

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

Annual Financial Highlights

Expected Rent

$22,800

Expenses

-$4,418

Property Taxes

-$7,850

Loan Payments

-$16,853

Net Cash Flow

-$6,322

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:Julie Acosta
Half Moon Realty LLC
Certified Agent Brokerage:Chris deTreville
Auben Realty, LLC
GA Brokerage License H-67288
SourceConsolidated MLS (CMLS)
MLS #597879
Last Updated: 12/03/2024 12:12
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