1089 Highway 9 Business W 1089 SC-9 Bus W; Lot 2LorisSC29569
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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 Loris at 1089 Highway 9 Business W 1089 SC-9 Bus W; Lot 2, Loris, SC, 29569 uses $122,324 cash to close to unlock $6,474/yr annual cash flow and $539/mo monthly cash flow. Total monthly income runs $2,736/mo, and a $1,806/mo payment keeps the spread at $539/mo. Purchase price stands at $369,000, and rental yield measures 8.9% with $2,736/mo rent. Return on cash invested shows 25.2% in year one, and 5% annual appreciation builds toward $101,948 over five years. Five-year ROI reaches 130.93% and total cumulative return in cash records $160,155. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,736/mo property income covering a $1,806/mo payment rather than investor’s personal income.
Single Family
Built in 2024
0.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29569, Loris, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,494 (100%) |
| Owner Occupied HU | 6,315 (74.3%) |
| Renter Occupied HU | 1,452 (17.1%) |
| Vacant Housing Units | 727 ( 8.6%) |
| Median Home Value | $261,419 |
| Average Home Value | $320,817 |
Housing Distribution
Address Breakdown
Residential
8,365
Single Family
8,290
Multi-Family
75
Businesses
530
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Listed by: Reena Artz Group • CB Sea Coast Advantage CF
Mls Name: CCAR
Mls Provider:
Mls ID: #2409968
Disclaimer: Provided courtesy of the Coastal Carolinas MLS. Copyright 2024 of the Coastal Carolinas MLS. All rights reserved. Information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Coastal Carolinas MLS.