121 Meggs Island RdLattaSC29565
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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 Latta at 121 Meggs Island Rd, Latta, SC, 29565 with 5% annual appreciation on a $198,000 basis while $1,494/mo rent supports operations. Total monthly income totals $1,494/mo and a $969/mo payment preserves $315/mo for cash returns. Annual cash flow comes to $3,785/yr on $65,637 deployed, and return on cash invested reaches 25.68% in year one. Equity gained on principal adds $1,278/yr, and five-year appreciation sums $54,704 alongside rental yield of 9.05%. Five-year ROI measures 133.47% and total cumulative return in cash totals $87,604.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,494/mo property income versus a $969/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 2022
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29565, Latta, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,936 (100%) |
| Owner Occupied HU | 1,942 (66.1%) |
| Renter Occupied HU | 615 (20.9%) |
| Vacant Housing Units | 379 (12.9%) |
| Median Home Value | $107,826 |
| Average Home Value | $147,826 |
Housing Distribution
Address Breakdown
Residential
2,737
Single Family
2,677
Multi-Family
60
Businesses
163
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Listed by: Tom Snyder • Era Leatherman Realty, Inc.
Mls Name: Pee Dee Realtor Association
Mls Provider:
Mls ID: #20241567
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