215 Culp St

Union, SC 29379
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3 bd, 1 ba | 1,092 sqft | Built in 1950

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List Price
$149,900

Initial Investment

$40,848

Purchase Price

$149,900

Down Payment

25%

Rent

$940

Total Return

$80,048

Annualized Return

24.1%

Cap Rate

5.5%

Gross Yield

7.5%

Cash Flow

-$398

Appreciation

9.3%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

60,000

HOA

None

Flood Risk

Not Required

Like brand new, this 3BR/1BA house has been nearly completely remodeled. So many updates! You name it, it was probably updated. Some of the updates include new HVAC, new roof, new windows, new flooring, new electrical, new HW heater, new paint, new lights, new insulation, new doors, even new sheetrock walls and ceilings. Cute eat-in kitchen with new butcher block countertops, new tile backsplash, new farm style sink and new refrigerator, stove and hood. Bathroom has new tile floors, new tile surround tub/shower, new toilet, new vanity and new bath accessories. Family room has fireplace as focal point. There is a covered front porch perfect for rocking chairs and partially enclosed back porch. Also, there are 2 utility buildings in backyard, 1 would be nice for lawnmowers or bikes and the other would make ideal workshop or just extra storage. There is a dog pin or fenced area for animals. On the side there is a 1-car carport. And property includes an extra lot to the right of house perfect for outside activities. This house has it all for a super low price. Don't miss out on this opportunity!

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

Annual Financial Highlights

Expected Rent

$10,716

Expenses

-$2,015

Property Taxes

-$950

Loan Payments

-$8,149

Net Cash Flow

-$398

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:JEFF BUICE
Buice Realty Inc
Certified Agent Brokerage:Chris deTreville
Auben Realty, LLC
GA Brokerage License H-67288
SourceSpartanburg MLS
MLS #315242
Last Updated: 09/06/2024 12:09
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