1058 Melchers DrRock HillSC29730
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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 Rock Hill at 1058 Melchers Dr, Rock Hill, SC, 29730 uses $104,423 cash to close to unlock $3,536/yr annual cash flow and $295/mo monthly cash flow. Total monthly income runs $2,170/mo, and a $1,542/mo payment keeps the spread at $295/mo. Purchase price stands at $315,000, and rental yield measures 8.27% with $2,170/mo rent. Return on cash invested shows 23.29% in year one, and 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 120.7% and total cumulative return in cash records $126,041. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,170/mo property income covering a $1,542/mo payment rather than investor’s personal income.
Single Family
Built in 1975
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29730, Rock Hill, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,777 (100%) |
| Owner Occupied HU | 15,536 (58.0%) |
| Renter Occupied HU | 9,205 (34.4%) |
| Vacant Housing Units | 2,036 ( 7.6%) |
| Median Home Value | $308,047 |
| Average Home Value | $338,248 |
Housing Distribution
Address Breakdown
Residential
25,370
Single Family
22,944
Multi-Family
2,426
Businesses
1,808
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Listed by: Sheila Farrar • EXP Realty LLC Rock Hill
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4332763