104 Friar StElginSC29045
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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 Elgin at 104 Friar St, Elgin, SC, 29045 with 5% annual appreciation on a $105,000 basis while $802/mo rent supports operations. Total monthly income totals $802/mo and a $514/mo payment preserves $177/mo for cash returns. Annual cash flow comes to $2,123/yr on $34,808 deployed, and return on cash invested reaches 26.01% in year one. Equity gained on principal adds $678/yr, and five-year appreciation sums $29,010 alongside rental yield of 9.17%. Five-year ROI measures 135.22% and total cumulative return in cash totals $47,066.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $802/mo property income versus a $514/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 1984
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29045, Elgin, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,039 (100%) |
| Owner Occupied HU | 9,414 (78.2%) |
| Renter Occupied HU | 1,752 (14.6%) |
| Vacant Housing Units | 873 ( 7.3%) |
| Median Home Value | $279,894 |
| Average Home Value | $321,774 |
Housing Distribution
Address Breakdown
Residential
13,024
Single Family
12,229
Multi-Family
795
Businesses
415
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Listed by: Ralph Harvey • ListWithFreedom.com Inc
Mls Name: Consolidated MLS
Mls ID: #623238