1138 Bates Crossing Rd

Travelers Rest, SC 29690
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2 bd, 1 ba | 922 sqft | Built in 1967

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List Price
$235,000

Initial Investment

$64,038

Purchase Price

$235,000

Down Payment

25%

Rent

$1,260

Total Return

$101,251

Annualized Return

19.9%

Cap Rate

4.4%

Gross Yield

6.4%

Cash Flow

-$3,119

Appreciation

8.6%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

50,573

HOA

None

Flood Risk

Not Required

LOCATION!! MOUNTAIN VIEWS!! Welcome to your private oasis in highly desirable Travelers Rest. Nestled on a flat, nearly one acre lot overlooking the Blue Ridge Mountains, horse pastures and wildlife, you will find many reasons to call this adorable, newly renovated home yours! Upon entering, you're greeted by freshly painted walls and a floor plan you will be sure to love. A few of the many updates include a NEW Architectural roof, NEW gutters, NEW paint throughout the ENTIRE home, NEW fixtures, NEW windows, NEW tiled floor, NEW kitchen cabinets WITH Stainless Steel Appliances AND granite, NEW flooring throughout, and MUCH MUCH MORE!!. The kitchen is the real show stopper. Luxurious granite countertops surround an abundance of NEW cabinets, and extra bar seating has been added to help provide space for all your entertaining needs. Multiple closets are found throughout the home along with a walk-in laundry room. With no neighbors nearby, take advantage of a relaxing morning sipping coffee in private on the covered front porch. The property offers a detached garage WITH electricity and NO HOA! Experience the best of both worlds- the tranquility of natural beauty and the convenience of being minutes away from the charming amenities of Downtown Travelers Rest, the Swamp Rabbit Trail, and a short drive to Asheville, NC. Book your showing today!

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

Annual Financial Highlights

Expected Rent

$14,364

Expenses

-$2,557

Property Taxes

-$2,150

Loan Payments

-$12,776

Net Cash Flow

-$3,119

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:Marta Tesner
Agent License 92049
Montgomery Realty Group, LLC
Certified Agent Brokerage:Chris deTreville
Auben Realty, LLC
GA Brokerage License H-67288
SourceGreater Greenville AOR MLS
MLS #1533240
Last Updated: 07/26/2024 16:07
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