Investment Properties For Rental Use
Have you ever considered purchasing a property for rental income?
During the month of September, there were over 500 homes, town-homes, and condos rented out in the Greater Charleston Area!
With the addition of Boeing, Volvo, and some other big business expanding into the area we will see more people continue to move here. Many times these new-comers to the area are not ready to commit to purchasing a home and look to our local rental market.
At the time that I am writing this blog, there are currently only 711 current homes, town-homes, and condos available for rent. Monthly rent ranging from $700 - $15,000 per month. The median rental price for the month of September was $1500/month.
There are several new communities near the site of the new Volvo plant. Some of the builders that are currently building in these communities - DR Horton, Saussy Burbank, Pulte Homes, True Homes, Del Webb(55 and older community), Crescent Homes, and Dan Ryan Builders.
You can purchase a new home with a great warranty to turn it around and rent it to basically pay your monthly mortgage payment and if you are lucky pocket a little extra!
If this is something that interests you or maybe you are one of the 'new-comers' to the Charleston area and are not ready to commit to purchasing a home, please reach out and contact me!
AgentOwned Realty - Preferred Group
824 Johnnie Dodds Blvd
Mt Pleasant SC 29464
(843) 324-8845 cell
(843) 725-6512 fax