The Basil

Single Family

1261

Sqft

2016

Details
Financials
Performance

$202,500

Purchase Price

$1,595

Rent / Mo

65%

Property Leverage

317 Morning Creek Drive, Easley, SC 29640

About

This home has a wonderful floorplan in a great location. The home was built in 2016 and has 3 bedrooms and 2 full bathrooms. The master bedroom has a walk-in closet, soaking tub, and double vanity. The home also has an attached 2-car garage and a spacious backyard.

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

The Market

Upstate South Carolina

Greenville and Spartanburg are the two largest cities in the combined statistical area for Greenville-Spartanburg-Anderson, otherwise known as Upstate South Carolina. Greenville lies roughly halfway between Atlanta and Charlotte. The local economy is diverse and growing. There's a significant presence by the automotive industry, highlighted by the BMW manufacturing plant in Greer. Michelin's North America headquarters are in Greenville, and the International Center for Automotive Research (ICAR) is a combined effort by several companies and Clemson University for continued R&D in the automotive field. Several financial services firms have regional offices in the area.

Documents

Half-Year Property Financials

Full-Year Property Financials

Financial Reports

Common Questions

How Arrived works

What returns can I expect

What to expect if my property is still seeking a tenant

Diversification

Investing horizon & liquidity

Don't Know Which Property to Choose?

We make it easy with funds

For those looking to build or add to their portfolio without investing in individual rental properties, the Arrived Single Family Residential Fund is an ideal option due to its always-available investment experience, immediate diversification, and access to liquidity.