111 Spring Pond Rd.HemingwaySC29554
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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
Rental property for sale in Hemingway at 111 Spring Pond Rd, Hemingway, SC, 29554 priced at $199,900 pairs $1,514/mo rent with $324/mo cash flow after a $978/mo payment. Total monthly income equals $1,514/mo, and annual cash flow comes to $3,893/yr on $66,267 invested. Return on cash invested is 25.78% in year one, and rental yield stands at 9.09% on a $199,900 basis. Equity gained on principal adds $1,290/yr, and 5% annual appreciation accumulates to $55,229 by year five. Five-year ROI measures 134.08% and total cumulative return in cash reaches $88,849. For financing, Ziffy Mortgage’s DSCR program evaluates $1,514/mo property income against a $978/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1982
0.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29554, Hemingway, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,213 (100%) |
| Owner Occupied HU | 2,909 (69.0%) |
| Renter Occupied HU | 583 (13.8%) |
| Vacant Housing Units | 721 (17.1%) |
| Median Home Value | $137,612 |
| Average Home Value | $230,920 |
Housing Distribution
Address Breakdown
Residential
3,798
Single Family
3,710
Multi-Family
88
Businesses
278
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Listed by: Teresa W Cagle • The Litchfield Company RE
Mls Name: CCAR
Mls Provider:
Mls ID: #2518067
Disclaimer: Provided courtesy of the Coastal Carolinas MLS. Copyright 2025 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.