The Summerset
Single Family
4
2
1560
Sqft
2010
$255,000
Purchase Price
$1,945
Rent / Mo
65%
Property Leverage
About
This one story home offers an open floor plan with three bedrooms and 2 full baths, as well as a bonus room that could be a fourth bedroom. The master has a tray ceiling, garden tub and large walk-in closet. This cozy home has great curb appeal all around.
Tenant Leasing Process
The time needed to sign the first tenant lease is variable and can depend on several factors including seasonality and whether the property requires any sort of renovation. Historically the average time to lease has been 45 days and has ranged from a minimum of 7 days to over 90 days. For more details on each status, check out the different rental statuses here.
Rented
Rental Status
This property is eligible to start receiving dividends after its first lease is signed.
The Market
Charleston, SC
Charleston is the largest city in South Carolina. The population of the Charleston-North Charleston-Summerville MSA has grown over 20% since 2010, and is now over 800,000 people. Charleston consistently ranks highly for its food scene, quality of life, and tourist attractions. Located on the South Carolina coast, there are numerous beaches and high-end golf courses within driving distance. The city has a strong economy that’s driven by tourism and the large seaport. In 2018, the port ranked 7th in the United States by containerized cargo volume. Carnival Cruise Lines operates a number of cruises that depart from Charleston on their way to the Bahamas and the Caribbean. Boeing has also developed a significant presence in the state over the last fifteen years. North Charleston is one of two final assembly points for the 787 Dreamliner.
Common Questions
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$118,860
Invested
100%
Funded
170
Investors