116 Main StNorthSC29112
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 North at 116 Main St, North, SC, 29112 offers $984/mo rent that, after a $612/mo payment, leaves $240/mo cash flow. Total monthly income is $984/mo, and annual cash flow is $2,877/yr on $41,438 cash. Return on cash invested measures 26.85% in year one, and rental yield stands at 9.45% at a $125,000 entry. Equity gained on principal adds $807/yr while 5% annual appreciation compounds into $34,535 by year five. Five-year ROI records 139.77% and total cumulative return in cash reaches $57,917. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $984/mo property income versus a $612/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29112, North, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,195 (100%) |
| Owner Occupied HU | 1,494 (68.1%) |
| Renter Occupied HU | 345 (15.7%) |
| Vacant Housing Units | 356 (16.2%) |
| Median Home Value | $113,214 |
| Average Home Value | $177,620 |
Housing Distribution
Address Breakdown
Residential
1,785
Single Family
1,765
Multi-Family
20
Businesses
91
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Nearby investment properties with comparable prices
Listed by: Ruby C Sturkie • Century 21 803 Realty
Mls Name: Consolidated MLS
Mls ID: #624471