1060 Flat Coat LnChapinSC29036
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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 Chapin at 1060 Flat Coat Ln, Chapin, SC, 29036 uses $113,008 cash to close to unlock $5,843/yr annual cash flow and $487/mo monthly cash flow. Total monthly income runs $2,575/mo, and a $1,669/mo payment keeps the spread at $487/mo. Purchase price stands at $340,900, and rental yield measures 9.06% with $2,575/mo rent. Return on cash invested shows 25.08% in year one, and 5% annual appreciation builds toward $94,184 over five years. Five-year ROI reaches 130.47% and total cumulative return in cash records $147,445. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,575/mo property income covering a $1,669/mo payment rather than investor’s personal income.
Single Family
Built in 2024
7,405 sqft lot
$N/A/sqft
$700 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29036, Chapin, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,964 (100%) |
| Owner Occupied HU | 10,059 (84.1%) |
| Renter Occupied HU | 883 ( 7.4%) |
| Vacant Housing Units | 1,022 ( 8.5%) |
| Median Home Value | $415,767 |
| Average Home Value | $516,920 |
Housing Distribution
Address Breakdown
Residential
12,113
Single Family
11,956
Multi-Family
157
Businesses
548
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Listed by: Donna Neese • Coldwell Banker Realty
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #607560
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC