The Bonneau

Single Family

2355

Sqft

2020

Details
Financials
Performance

$336,000

Purchase Price

$2,380

Rent / Mo

Property Leverage

120 Caleb Court, Ladson, SC 29456

About

The Bonneau is a beautiful 3 bedroom, 3 bathroom home. As you walk in to this Devon Floor Plan you will immediately notice the 9 foot smooth ceilings throughout the home. There is a study / office as you first walk in then you step in to an open-concept family room/kitchen. The kitchen is well designed with an island, granite countertops, 42'' inch white, shaker cabinets, and stainless steel appliances to include a gas range, built-in microwave and dishwasher. Off of the kitchen is a very spacious laundry room which leads to the 2 car garage. All of the downstairs has beautiful laminate flooring with carpet upstairs. You'll be very impressed with the size of the three bedrooms upstairs as well as the second living space provided by the loft. The primary bathroom includes dual sinks, 5' shower, linen closet and walk-in closet. The home includes a screened porch and a nice wooded area behind the home for privacy. The home also includes a gas tankless water heater for energy efficiency.

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

Charleston, SC

Charleston is the largest city in South Carolina. The population of the Charleston-North Charleston-Summerville MSA has grown over 20% since 2010, and is now over 800,000 people. Charleston consistently ranks highly for its food scene, quality of life, and tourist attractions. Located on the South Carolina coast, there are numerous beaches and high-end golf courses within driving distance. The city has a strong economy that’s driven by tourism and the large seaport. In 2018, the port ranked 7th in the United States by containerized cargo volume. Carnival Cruise Lines operates a number of cruises that depart from Charleston on their way to the Bahamas and the Caribbean. Boeing has also developed a significant presence in the state over the last fifteen years. North Charleston is one of two final assembly points for the 787 Dreamliner.

Documents

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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.