119 Elgin DrLaurensSC29360
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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 Laurens at 119 Elgin Dr, Laurens, SC, 29360 listed at $273,990 pairs $2,039/mo rent with a $1,341/mo payment to leave $408/mo cash flow. Total monthly income runs $2,039/mo, and annual cash flow reaches $4,896/yr on $90,828 cash to close. Return on cash invested measures 25.3% in year one, and rental yield registers 8.93% at a $273,990 basis. Equity gained on principal adds $1,768/yr, and annual property appreciation at 5% supports $75,698 by year five. Five-year ROI tracks 131.49% and total cumulative return in cash totals $119,430. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,039/mo property income relative to a $1,341/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2025
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29360, Laurens, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,872 (100%) |
| Owner Occupied HU | 5,955 (60.3%) |
| Renter Occupied HU | 2,803 (28.4%) |
| Vacant Housing Units | 1,114 (11.3%) |
| Median Home Value | $202,160 |
| Average Home Value | $228,123 |
Housing Distribution
Address Breakdown
Residential
9,097
Single Family
8,641
Multi-Family
456
Businesses
797
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Listed by: Trina Montalbano • D.R. Horton
Mls Name: Greater Greenville AOR
Mls ID: #1564738