116 Griggs StPatrickSC29584
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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 Patrick at 116 Griggs St, Patrick, SC, 29584 generates $1,213/mo in rent and, after a $923/mo payment, leaves $91/mo in cash flow. Total monthly income is $1,213/mo, and annual cash flow is $1,086/yr on $62,488 invested. Return on cash invested sits at 21.65% in year one, and rental yield is 7.72% on a $188,500 entry. Equity gained on principal adds $1,216/yr, while 5% annual appreciation builds toward $52,079 over five years. Five-year ROI reaches 111.88% and total cumulative return in cash sums $69,909. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,213/mo property income rather than buyer’s personal income.
Single Family
Built in 1956
1.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29584, Patrick, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,174 (100%) |
| Owner Occupied HU | 862 (73.4%) |
| Renter Occupied HU | 127 (10.8%) |
| Vacant Housing Units | 185 (15.8%) |
| Median Home Value | $92,222 |
| Average Home Value | $131,526 |
Housing Distribution
Address Breakdown
Residential
1,100
Single Family
1,100
Multi-Family
0
Businesses
46
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Listed by: Rakim J McQueen • Palmetto Realty Chesterfield Sc, Llc
Mls Name: Pee Dee Realtor Association
Mls Provider:
Mls ID: #20250210
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