1194 Rainbow Dr.LorisSC29569
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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 Loris at 1194 Rainbow Dr, Loris, SC, 29569 offers a 9.24% rental yield on a $190,000 purchase with $1,463/mo rent. Total monthly income registers $1,463/mo, and a $930/mo payment leaves $332/mo available for distribution. Annual cash flow reaches $3,983/yr on $62,985 to close, and return on cash invested stands at 26.23% in year one. Equity gained on principal adds $1,226/yr while 5% annual appreciation supports $52,494 over five years. Portfolio math shows five-year ROI at 136.43% and total cumulative return in cash at $85,932. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,463/mo property income against a $930/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1995
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29569, Loris, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,494 (100%) |
| Owner Occupied HU | 6,315 (74.3%) |
| Renter Occupied HU | 1,452 (17.1%) |
| Vacant Housing Units | 727 ( 8.6%) |
| Median Home Value | $261,419 |
| Average Home Value | $320,817 |
Housing Distribution
Address Breakdown
Residential
8,365
Single Family
8,290
Multi-Family
75
Businesses
530
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Listed by: Alan W Cardona • Up2Date Realty, LLC
Mls Name: CCAR
Mls ID: #2523305