Rented normally, you'd make about $1,076 a month, and it holds up.

The rent is our own estimate — worth checking against two or three real local lettings. One month without a tenant wipes out about 3 months of that profit, so keep a buffer for gaps. It has been listed 299 days without selling, which is your argument for offering less.

106 Steinkuhler St #6, Chester, SC 29706 · 2,212 sqft · $127/sqft

6 BED MULTI-FAMILYListed 299d ago

$279,900

List price

Monthly profit

+$1,076/mo

Cash needed

$77K

+ refurb costs

Return after costs

5.3%

Cash return

16.7%

Solid

Rented normally at the asking price, this works with risks you can price in — 14.56% return before costs on price.

Why it works

Monthly profit +$1,076/mo from completion — the no.1 reason to invest
This is the money left after the mortgage, the running costs and tax — not the rent.It assumes the rent we modelled and the empty weeks we assumed. Change either and it moves. Try your own numbers →
14.56% return before costs — above-market
Rent over price, before any costs. Useful for comparing streets; it is not money you keep.Two properties on the same yield can leave you very different amounts. See what you keep →

Why to be cautious

No rent comparables — estimate is a rule-of-thumb fallback, not market data. Verify the rent locally before offering.

Research, not financial advice · how we decide →

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