113 Chestnut Road
About This Property
Step inside from the welcoming front porch into a spacious living room that flows into the open dining and kitchen area featuring quartz countertops, skylight, and a vented fireplace with gas logs. Since the current owners purchased the home in 2023, extensive renovations have been completed including new interior and exterior electrical updates, refinished hardwood floors, new laminate flooring in select areas, fresh interior paint, updated ceiling fans and light fixtures, and beautifully renovated bathrooms with new tile throughout. The primary bath has been completely remodeled with a fresh, modern feel.
Additional improvements include a fully renovated laundry room, new washer and dryer, new hot water heater, crawl space encapsulation, and gutter guards for added peace of mind and low-maintenance living.
The screened porch, patio, and mature setting create wonderful outdoor living spaces perfect for entertaining or relaxing. Conveniently located within Landrum city limits near shopping, restaurants, District 1 schools, parks, hiking trails, and Tryon International Equestrian Center, with easy access to I-26 for Greenville, Spartanburg, and Asheville commuters.
This thoughtfully improved home offers comfort, functionality, and turnkey convenience in one of the Upstate's most desirable small-town settings.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017