116 Belle Oaks DrElginSC29045
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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 Elgin at 116 Belle Oaks Dr, Elgin, SC, 29045 listed at $240,000 pairs $2,062/mo rent with a $1,175/mo payment to leave $633/mo cash flow. Total monthly income runs $2,062/mo, and annual cash flow reaches $7,596/yr on $79,560 cash to close. Return on cash invested measures 29.46% in year one, and rental yield registers 10.31% at a $240,000 basis. Equity gained on principal adds $1,549/yr, and annual property appreciation at 5% supports $66,308 by year five. Five-year ROI tracks 153.71% and total cumulative return in cash totals $122,294. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,062/mo property income relative to a $1,175/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1978
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29045, Elgin, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,039 (100%) |
| Owner Occupied HU | 9,414 (78.2%) |
| Renter Occupied HU | 1,752 (14.6%) |
| Vacant Housing Units | 873 ( 7.3%) |
| Median Home Value | $279,894 |
| Average Home Value | $321,774 |
Housing Distribution
Address Breakdown
Residential
13,024
Single Family
12,229
Multi-Family
795
Businesses
415
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Listed by: Tinara Exume • Olivia Cooley Real Estate
Mls Name: Consolidated MLS
Mls ID: #616304