Charleston, South Carolina is home to some incredible and innovative house flippers, whose work we’ve featured previously, here and here. For December’s featured project, we’re focusing on a single-family house, rehabbed by Jenna Richardson of Red Key Realty LLC, with financing and support from the Fund That Flip team.
This fix-and-flip in Charleston, SC, was funded with a six-month loan and opened to passive investors at 7.5% annual returns. The property was upgraded with a new roof, new appliances, modern paint colors inside and out, and lush landscaping. Additionally, the airy home features an open-concept floor plan with over 9-foot ceilings, 4 bedrooms, 2 baths, an exposed brick-accent fireplace, and a sunroom.
Watch the video below to see all the finished details of this awesome fix-and-flip in Charleston, SC. See more featured project videos from our Borrowers here.
Get to Know the Charleston, SC, Real Estate Market
Before starting a new construction or fix-and-flip project in the Charleston and North Charleston, SC, metro areas, make sure you know the market:
- The median home listing price in the Charleston, SC area is $425,000, which has been trending up 10.4% year-over-year.
- The population of the Charleston-North Charleston, SC metropolitan statistical area (MSA) is 819,705, with 33 new residents moving to the MSA every day.
- Charleston features a bustling, waterfront downtown, exciting culture, diverse neighborhoods, great universities, and large employers like Boeing, Medical University of South Carolina, and Bosch.
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