Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Classifieds
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 7 years ago on .

User Stats

179
Posts
156
Votes
Chad Carson
  • Investor
  • Clemson, SC
156
Votes |
179
Posts

House/2 Mobile Homes/2 lots - $135,000 - $17,650/Year Gross Rent

Chad Carson
  • Investor
  • Clemson, SC
Posted

I own this rental property and have it listed for sale for $135,000. It's in the Upstate of South Carolina and less than 4.5 miles from Clemson University with 20,000+ students. The property includes:

  • 1 single family stick built home - 298 White Rd, Seneca
  • 2 single wide mobile homes 
  • 1 rented mobile home lot
  • 1 vacant mobile lot with septic and water in place

Current gross rents collected are $17,640 per year and the expenses for taxes and insurance are $2,679 per year. Here's a breakdown:

  • $550/month - 298 White Rd (house, tenant pays all utilities)
  • $170/month - 106 Lynne (lot rent, includes water)
  • $350/month - 108 Lynne (mobile home, 2 bedrooms, includes water)
  • $400/month - 110 Lynne (mobile home, 2 bedrooms, includes water)
  • $1470/month = total
  • $17,640/year = total

The expenses are as follows:

  • $432/year = average owner-paid water bill for 106-108-110 Lynne
  • $730/year = insurance - 106-108-110 Lynne
  • $530/year = insurance - 298 White Rd
  • $14/year = property tax - 108 Lynne mobile home
  • $14/year = property tax - 110 Lynne mobile home
  • $692/year = property tax - 240-00-05-001 parcel
  • $267/year = property tax - 240-00-05-002 parcel
  • $2,679/year = total

The single family home is 3 bedrooms and 1 bath with hardwood floors in almost every room and central heat and air. The home also has a 2 car carport. 

The 2 mobile homes are older but well-maintained, each with 2 bedrooms and 1 baths. Heat is baseboard electric heat and window A/C units. 

For 30+ pictures, see the Zillow listing here: https://www.zillow.com/homedetails/298-White-Rd-Se...

You can contact me here or contact the listing agent Brett Smaglia at 864-61401314.

Offering