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favorite this post $32000 / 3br - 1161ft2 - ~~ Great for a Rental Property or a Starter Home! ~~ (Florence) hide this posting unhide

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2110 Mechanicsville Rd

(google map)

3BR / 1.5Ba 1161ft2

house

2110 Mechanicsville Rd Florence, SC 29501
Price $32,000

Bedrooms: 3
Baths: 1.5
single family rancher
Sq Footage: 1,161
Year Built: 1963
Acre: 0.41

Great opportunity for rentals or starter home. Good bones. See pictures for more details.

updates needed: interior renovations needed...paint, carpet, cosmetic updates, kitchen and bathrooms

Call me to visit my house at show contact info

If you are a real estate investor looking to buy and hold this property then below is some analysis:

Purchase Price: $32,000
Estimated Repairs to get highest rents: $25,000
Transfer Tax: $118
Closing Costs (sale): $480
Buyer's initial investment: $57,598

+ Monthly Rental Income: $800
- Vacancy Reserve: $80
- Monthly Real Estate Taxes: $19
- HOA Fees: $0
- Insurance: $60
- Property Management: $0
- Utilities: $0
- Reserves for Future Repairs: $80
= Net Monthly Operating Income: $561

Your Annual cash return: 11.7%

ARV: $85,000

Call me to visit my house: show contact info
  • do NOT contact me with unsolicited services or offers

post id: 6799919579

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