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Updated over 4 years ago on . Most recent reply

Joseph Delgardo's profile image
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Joseph Delgardo
  • from Holbrook, NY
  • Member since Dec 29, 2019
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Joseph Delgardo
  • from Holbrook, NY
  • Member since Dec 29, 2019
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Joseph Delgardo
  • Holbrook, NY
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Charleston, SC - SFH - Cashflow

Joseph Delgardo
  • Holbrook, NY
Posted

What are your thoughts on this SFH in Charleston?

Seems like there may potentially be good cash flow (3 BR 1 BA, Year Built: 1957)

https://www.zillow.com/homedetails/1825-Meadowlawn-Dr-Charleston-SC-29407/10874325_zpid/

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Bradley Chapman's profile image
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Bradley Chapman
  • Real Estate Agent
  • from Charleston, SC
  • Member since Aug 20, 2018
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Bradley Chapman
  • Real Estate Agent
  • from Charleston, SC
  • Member since Aug 20, 2018
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Bradley Chapman
  • Real Estate Agent
  • Charleston, SC
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Bradley Chapman
  • Real Estate Agent
  • Charleston, SC
Replied
Originally posted by @Joseph Delgardo:

What are your thoughts on this SFH in Charleston?

Seems like there may potentially be good cash flow (3 BR 1 BA, Year Built: 1957)

https://www.zillow.com/homedetails/1825-Meadowlawn-Dr-Charleston-SC-29407/10874325_zpid/

You're looking at around $1,500-1,800/mo in rental income so work the numbers off that. Don't forget about non-resident property taxes, they'll be 3 times what a primary resident pays. This property will be roughly ~$3,000 in taxes.

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