117 Pine Grove AveSummervilleSC29483
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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 Summerville at 117 Pine Grove Ave, Summerville, SC, 29483 priced at $600,000 pairs $3,103/mo rent with after a $2,937/mo payment. Total monthly income equals $3,103/mo. Return on cash invested is 17.21% in year one, and rental yield stands at 6.21% on a $600,000 basis. Equity gained on principal adds $3,872/yr, and 5% annual appreciation accumulates to $165,769 by year five. Five-year ROI measures 88.01% and total cumulative return in cash reaches $173,736. For financing, Ziffy Mortgage’s DSCR program evaluates $3,103/mo property income against a $2,937/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1940
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29483, Summerville, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,167 (100%) |
| Owner Occupied HU | 17,077 (70.7%) |
| Renter Occupied HU | 5,575 (23.1%) |
| Vacant Housing Units | 1,515 ( 6.3%) |
| Median Home Value | $357,966 |
| Average Home Value | $397,078 |
Housing Distribution
Address Breakdown
Residential
24,771
Single Family
22,687
Multi-Family
2,084
Businesses
1,480
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Listed by: N/A • Realty One Group Coastal
Mls Name: CTMLS
Mls ID: #25033166