119 W Close StFort MillSC29715
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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 Fort Mill at 119 W Close St, Fort Mill, SC, 29715 priced at $434,000 converts $2,425/mo rent into after a $2,124/mo obligation. Total monthly income equals $2,425/mo. Return on cash invested prints 18.59% in year one, and rental yield reads 6.71% against a $434,000 entry. Equity gained on principal adds $2,801/yr, while 5% annual appreciation compiles into $119,906 by year five. Five-year ROI reaches 95.46% and total cumulative return in cash sums $137,338. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,425/mo property income covering a $2,124/mo payment, not borrower’s personal income.
Single Family
Built in 1959
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29715, Fort Mill, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,293 (100%) |
| Owner Occupied HU | 14,219 (77.7%) |
| Renter Occupied HU | 3,373 (18.4%) |
| Vacant Housing Units | 701 ( 3.8%) |
| Median Home Value | $473,041 |
| Average Home Value | $515,621 |
Housing Distribution
Address Breakdown
Residential
17,819
Single Family
16,220
Multi-Family
1,599
Businesses
780
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Listed by: Martha Kinard • Howard Hanna Allen Tate Fort Mill
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4326274