SUBTO - 603 Trio Ln, Summerville, SC 29486
📍Investment Opportunity: 603 Trio Ln, Summerville, SC 29486
Interested? Fill out this form
🔑 Property Overview:
3 Beds | 2.5 Baths | 1,773 sq. ft.
Built in 2023 – Practically brand new!
Located in a desirable, growing market with strong rental demand
HOA: $460 every 6 months
Short-Term Rental Restriction: 6-month minimum rental period
📈 Financial Breakdown:
Purchase Price: $491,681
Existing Loan Balance: $475,981 @ 4.5% interest
Monthly PITI Payment: $3,044
Annual PITI Payment: $36,528
Entry Fee: $49,000 (includes TC, cash to seller, liens to be paid off & closing costs)
Current Rent: $2,980/month (long-term tenants in place until August 2025)
💰 Why This Deal Makes Sense:
Low Interest Rate: 4.5% is far below today’s market rates, making this a valuable long-term hold.
Strong Appreciation Market: Summerville has steady home value growth and demand for rentals.
Turnkey with Tenants in Place: No vacancy worries—tenants are already paying $2,980/mo.
⚡ Important Terms & Requirements:
🚨 Proof of Funds (POF) required before discussing terms.
🚨 If terms are agreed upon, a soft credit check is mandatory to check for chronic late payments & delinquent accounts. This is NON-negotiable. We are assigning this deal, and the end buyer's credit will be at risk.
📝 Disclosure:
Buyer is responsible for ALL due diligence. We will not underwrite the deal for you.
📩 Serious investors only! Reach out if you're ready to move forward with proof of funds.
Interested? Fill out this form
______
Why Invest in Summerville, SC?
Summerville, South Carolina, has been experiencing significant growth and offers a promising environment for real estate investors. Here’s why:
Population Growth and Economic Development
Summerville's population has been steadily increasing, reflecting its growing appeal.As of 2024, the town's population reached 52,145, with an annual growth rate of 0.5% and a total increase of 2.04% since 2020.This growth is driven by factors such as affordable housing, proximity to employment opportunities along the I-26 corridor, and the attraction of living near an established town center like Summerville. worldpopulationreview.combcdcog.com
Economic Vibrancy
The local economy is robust, with a diverse range of industries contributing to its vitality.Summerville has been recognized as a "top job-magnet suburb," attracting families due to its safe environment and affordable living.The area has seen significant job growth, adding 5,500 construction jobs and a total of 80,000 jobs in the local market within a year.The tech industry is also a significant driver of this growth, with South Carolina's lowcountry ranking fifth in the nation for high-tech industry output.nypost.com
Real Estate Market Strength
The real estate market in Summerville is strong, with home values appreciating over the past year.As of November 2024, the median home sale price in Summerville was $370,000, reflecting a 15.3% year-over-year increase.This appreciation indicates a healthy and growing market, making it an attractive option for investors seeking both rental income and property value growth.wsj.com
Quality of Life
Summerville offers a high quality of life, combining small-town charm with modern amenities.Its historic downtown is filled with shops, restaurants, and art galleries, providing a vibrant community atmosphere.The town's proximity to Charleston allows residents to enjoy the benefits of a larger city while residing in a more relaxed environment.Additionally, Summerville is known for its excellent schools and family-friendly activities, enhancing its appeal to both residents and investors. buyfromry.com
Conclusion
Investing in Summerville, SC, offers the potential for solid returns, driven by population growth, economic development, a strong real estate market, and an attractive quality of life.These factors combine to make Summerville a compelling choice for real estate investors seeking opportunities in a thriving community.
Interested? Fill out this form
📍Investment Opportunity: 603 Trio Ln, Summerville, SC 29486
Interested? Fill out this form
🔑 Property Overview:
3 Beds | 2.5 Baths | 1,773 sq. ft.
Built in 2023 – Practically brand new!
Located in a desirable, growing market with strong rental demand
HOA: $460 every 6 months
Short-Term Rental Restriction: 6-month minimum rental period
📈 Financial Breakdown:
Purchase Price: $491,681
Existing Loan Balance: $475,981 @ 4.5% interest
Monthly PITI Payment: $3,044
Annual PITI Payment: $36,528
Entry Fee: $49,000 (includes TC, cash to seller, liens to be paid off & closing costs)
Current Rent: $2,980/month (long-term tenants in place until August 2025)
💰 Why This Deal Makes Sense:
Low Interest Rate: 4.5% is far below today’s market rates, making this a valuable long-term hold.
Strong Appreciation Market: Summerville has steady home value growth and demand for rentals.
Turnkey with Tenants in Place: No vacancy worries—tenants are already paying $2,980/mo.
⚡ Important Terms & Requirements:
🚨 Proof of Funds (POF) required before discussing terms.
🚨 If terms are agreed upon, a soft credit check is mandatory to check for chronic late payments & delinquent accounts. This is NON-negotiable. We are assigning this deal, and the end buyer's credit will be at risk.
📝 Disclosure:
Buyer is responsible for ALL due diligence. We will not underwrite the deal for you.
📩 Serious investors only! Reach out if you're ready to move forward with proof of funds.
Interested? Fill out this form
______
Why Invest in Summerville, SC?
Summerville, South Carolina, has been experiencing significant growth and offers a promising environment for real estate investors. Here’s why:
Population Growth and Economic Development
Summerville's population has been steadily increasing, reflecting its growing appeal.As of 2024, the town's population reached 52,145, with an annual growth rate of 0.5% and a total increase of 2.04% since 2020.This growth is driven by factors such as affordable housing, proximity to employment opportunities along the I-26 corridor, and the attraction of living near an established town center like Summerville. worldpopulationreview.combcdcog.com
Economic Vibrancy
The local economy is robust, with a diverse range of industries contributing to its vitality.Summerville has been recognized as a "top job-magnet suburb," attracting families due to its safe environment and affordable living.The area has seen significant job growth, adding 5,500 construction jobs and a total of 80,000 jobs in the local market within a year.The tech industry is also a significant driver of this growth, with South Carolina's lowcountry ranking fifth in the nation for high-tech industry output.nypost.com
Real Estate Market Strength
The real estate market in Summerville is strong, with home values appreciating over the past year.As of November 2024, the median home sale price in Summerville was $370,000, reflecting a 15.3% year-over-year increase.This appreciation indicates a healthy and growing market, making it an attractive option for investors seeking both rental income and property value growth.wsj.com
Quality of Life
Summerville offers a high quality of life, combining small-town charm with modern amenities.Its historic downtown is filled with shops, restaurants, and art galleries, providing a vibrant community atmosphere.The town's proximity to Charleston allows residents to enjoy the benefits of a larger city while residing in a more relaxed environment.Additionally, Summerville is known for its excellent schools and family-friendly activities, enhancing its appeal to both residents and investors. buyfromry.com
Conclusion
Investing in Summerville, SC, offers the potential for solid returns, driven by population growth, economic development, a strong real estate market, and an attractive quality of life.These factors combine to make Summerville a compelling choice for real estate investors seeking opportunities in a thriving community.
Interested? Fill out this form
📍Investment Opportunity: 603 Trio Ln, Summerville, SC 29486
Interested? Fill out this form
🔑 Property Overview:
3 Beds | 2.5 Baths | 1,773 sq. ft.
Built in 2023 – Practically brand new!
Located in a desirable, growing market with strong rental demand
HOA: $460 every 6 months
Short-Term Rental Restriction: 6-month minimum rental period
📈 Financial Breakdown:
Purchase Price: $491,681
Existing Loan Balance: $475,981 @ 4.5% interest
Monthly PITI Payment: $3,044
Annual PITI Payment: $36,528
Entry Fee: $49,000 (includes TC, cash to seller, liens to be paid off & closing costs)
Current Rent: $2,980/month (long-term tenants in place until August 2025)
💰 Why This Deal Makes Sense:
Low Interest Rate: 4.5% is far below today’s market rates, making this a valuable long-term hold.
Strong Appreciation Market: Summerville has steady home value growth and demand for rentals.
Turnkey with Tenants in Place: No vacancy worries—tenants are already paying $2,980/mo.
⚡ Important Terms & Requirements:
🚨 Proof of Funds (POF) required before discussing terms.
🚨 If terms are agreed upon, a soft credit check is mandatory to check for chronic late payments & delinquent accounts. This is NON-negotiable. We are assigning this deal, and the end buyer's credit will be at risk.
📝 Disclosure:
Buyer is responsible for ALL due diligence. We will not underwrite the deal for you.
📩 Serious investors only! Reach out if you're ready to move forward with proof of funds.
Interested? Fill out this form
______
Why Invest in Summerville, SC?
Summerville, South Carolina, has been experiencing significant growth and offers a promising environment for real estate investors. Here’s why:
Population Growth and Economic Development
Summerville's population has been steadily increasing, reflecting its growing appeal.As of 2024, the town's population reached 52,145, with an annual growth rate of 0.5% and a total increase of 2.04% since 2020.This growth is driven by factors such as affordable housing, proximity to employment opportunities along the I-26 corridor, and the attraction of living near an established town center like Summerville. worldpopulationreview.combcdcog.com
Economic Vibrancy
The local economy is robust, with a diverse range of industries contributing to its vitality.Summerville has been recognized as a "top job-magnet suburb," attracting families due to its safe environment and affordable living.The area has seen significant job growth, adding 5,500 construction jobs and a total of 80,000 jobs in the local market within a year.The tech industry is also a significant driver of this growth, with South Carolina's lowcountry ranking fifth in the nation for high-tech industry output.nypost.com
Real Estate Market Strength
The real estate market in Summerville is strong, with home values appreciating over the past year.As of November 2024, the median home sale price in Summerville was $370,000, reflecting a 15.3% year-over-year increase.This appreciation indicates a healthy and growing market, making it an attractive option for investors seeking both rental income and property value growth.wsj.com
Quality of Life
Summerville offers a high quality of life, combining small-town charm with modern amenities.Its historic downtown is filled with shops, restaurants, and art galleries, providing a vibrant community atmosphere.The town's proximity to Charleston allows residents to enjoy the benefits of a larger city while residing in a more relaxed environment.Additionally, Summerville is known for its excellent schools and family-friendly activities, enhancing its appeal to both residents and investors. buyfromry.com
Conclusion
Investing in Summerville, SC, offers the potential for solid returns, driven by population growth, economic development, a strong real estate market, and an attractive quality of life.These factors combine to make Summerville a compelling choice for real estate investors seeking opportunities in a thriving community.