111 Meggs Island RdLattaSC29565
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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 Latta at 111 Meggs Island Rd, Latta, SC, 29565 uses $72,897 cash to close to unlock $1,803/yr annual cash flow and $150/mo monthly cash flow. Total monthly income runs $1,459/mo, and a $1,076/mo payment keeps the spread at $150/mo. Purchase price stands at $219,900, and rental yield measures 7.96% with $1,459/mo rent. Return on cash invested shows 22.38% in year one, and 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 115.85% and total cumulative return in cash records $84,448. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,459/mo property income covering a $1,076/mo payment rather than investor’s personal income.
Manufactured
Built in 2022
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29565, Latta, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,936 (100%) |
| Owner Occupied HU | 1,942 (66.1%) |
| Renter Occupied HU | 615 (20.9%) |
| Vacant Housing Units | 379 (12.9%) |
| Median Home Value | $107,826 |
| Average Home Value | $147,826 |
Housing Distribution
Address Breakdown
Residential
2,737
Single Family
2,677
Multi-Family
60
Businesses
163
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Listed by: Sean P Austin • Re/max Professionals
Mls Name: Pee Dee Realtor Association
Mls Provider:
Mls ID: #20233453
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