119 Bay Meadows Dr SWAikenSC29803
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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 Aiken at 119 Bay Meadows Dr SW, Aiken, SC, 29803 offers $2,699/mo rent that, after a $1,512/mo payment, leaves $860/mo cash flow. Total monthly income is $2,699/mo, and annual cash flow is $10,320/yr on $102,434 cash. Return on cash invested measures 29.98% in year one, and rental yield stands at 10.48% at a $309,000 entry. Equity gained on principal adds $1,994/yr while 5% annual appreciation compounds into $85,371 by year five. Five-year ROI records 156.53% and total cumulative return in cash reaches $160,337. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,699/mo property income versus a $1,512/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2007
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29803, Aiken, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,169 (100%) |
| Owner Occupied HU | 15,226 (75.5%) |
| Renter Occupied HU | 3,539 (17.5%) |
| Vacant Housing Units | 1,404 ( 7.0%) |
| Median Home Value | $318,457 |
| Average Home Value | $356,519 |
Housing Distribution
Address Breakdown
Residential
19,802
Single Family
19,123
Multi-Family
679
Businesses
904
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Listed by: The Cline Team • Meybohm Real Estate - Aiken
Mls Name: Aiken MLS
Mls ID: #219972