North Charleston, SC 29406
MLS# 26006148
3 beds | 2 baths | 1378 sqft

Property Description
BACK ON MARKET. Title work is completed so a quick closing is available. The offer must be ''AS IS''. Rentals for single families in The Lakes of Northwoods run from $1,895- $2,200 for similar sized modest homes. Below estimates are rough approximations only. Buyer to adjust numbers if needed with due diligence. With $12k to $20k in remodeling/upgrades, cash investors should be able to rent for between $2,250 and $2,550 a month. Assuming roughly $4,000 annually for non-occupied real estate taxes, insurance, & $27 monthly for HOA, an annual net between $23,000 (9% annual return/cap rate) & $26,600 after $4k annual costs (net cap rate/return of 10.5%).. A 20% down buyer mortgaging would be netting after even modest updating approximately $10K annually while tenants building equity.
Last Updated: April - 20 - 2026
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