1031 Meher Ln.Little RiverSC29566
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Little River at 1031 Meher Ln, Little River, SC, 29566 uses $59,339 cash to close to unlock $3,391/yr annual cash flow and $283/mo monthly cash flow. Total monthly income runs $1,348/mo, and a $876/mo payment keeps the spread at $283/mo. Purchase price stands at $179,000, and rental yield measures 9.04% with $1,348/mo rent. Return on cash invested shows 25.62% in year one, and 5% annual appreciation builds toward $49,454 over five years. Five-year ROI reaches 133.21% and total cumulative return in cash records $79,047. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,348/mo property income covering a $876/mo payment rather than investor’s personal income.
Manufactured
Built in 1987
5.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29566, Little River, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,103 (100%) |
| Owner Occupied HU | 9,694 (60.2%) |
| Renter Occupied HU | 2,653 (16.5%) |
| Vacant Housing Units | 3,756 (23.3%) |
| Median Home Value | $350,665 |
| Average Home Value | $380,911 |
Housing Distribution
Address Breakdown
Residential
15,972
Single Family
13,650
Multi-Family
2,322
Businesses
745
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Listed by: Seth C Barbee • The Saltwater Agency
Mls Name: CCAR
Mls ID: #2519455