New roof added in May 2024. DON'T MISS OUT. YOUR CHANCE TO STEAL IT BEFORE EVERYONE ELSE. **Unveiling a Lucrative Opportunity: The Investor's Special in Cowpens, South Carolina** Nestled in the serene and picturesque town of Cowpens, South Carolina, lies a remarkable investment opportunity waiting to be seized. This exceptional property, boasting approximately 1600 square feet spread over two stories, presents itself as an investor's dream deal. Upon entering this property, one is greeted by a sense of spaciousness and potential. The layout currently features three generously sized bedrooms and one bath, set atop a high crawlspace that opens the door to the possibility of reworking the floorplan to accommodate four bedrooms. This flexibility in design is a cornerstone of the property's allure, allowing investors to tailor the space to maximize its value and appeal to a wider range of potential buyers. Externally, the property boasts newer vinyl siding and windows, enhancing both its aesthetic appeal and energy efficiency. A charming front porch adds to the property's curb appeal, offering a welcoming space for relaxation and enjoyment of the surrounding tranquil environment. One of the standout features of this investment opportunity is the significant repairs and upgrades that have already been completed. Structural and foundation repairs have been expertly addressed, ensuring the integrity and stability of the home for years to come. Additionally, new subfloors have been installed, further enhancing the property's structural soundness and providing a solid foundation for any future renovations or improvements. It's important to note that this property is being offered on an as-is basis, providing investors with the freedom and flexibility to customize and upgrade the home according to their vision and budget. This hands-on approach appeals to investors seeking a project with the potential for substantial returns. Location plays a pivotal role in the appeal of this investment opportunity. Cowpens offers a unique blend of rural country living and proximity to major cities such as Spartanburg and Gaffney. This strategic location not only provides residents with a peaceful and idyllic setting but also ensures easy access to essential amenities, employment opportunities, and recreational activities. For savvy investors looking to capitalize on the burgeoning real estate market, this property represents an excellent opportunity for a quick flip or a comprehensive renovation project. Its blend of size, potential, completed repairs, and prime location makes it a standout choice in today's competitive market. The investor's special in Cowpens, South Carolina, stands as a testament to opportunity and potential. With its spacious layout, structural upgrades, and strategic location, this property offers the ideal canvas for investors to turn their vision into reality and unlock significant value in the process. Don't miss out on this lucrative opportunity; contact us today to take the first step towards securing this remarkable investment property.
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William Raveis Mortgage, LLC
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Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $107,999 | $107,999 | $107,999 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.159% | 6.276% |
Monthly Tax Payment | $95 | $95 | $95 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $719 | $718 | $911 |
Total Monthly Payment | $889 | $888 | $1,081 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.