123 Pressley AveSummervilleSC29483
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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 Summerville at 123 Pressley Ave, Summerville, SC, 29483 uses $132,567 cash to close to unlock $7,425/yr annual cash flow and $619/mo monthly cash flow. Total monthly income runs $2,999/mo, and a $1,957/mo payment keeps the spread at $619/mo. Purchase price stands at $399,900, and rental yield measures 9% with $2,999/mo rent. Return on cash invested shows 25.51% in year one, and 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 132.56% and total cumulative return in cash records $175,736. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,999/mo property income covering a $1,957/mo payment rather than investor’s personal income.
Single Family
Built in 1915
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29483, Summerville, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,167 (100%) |
| Owner Occupied HU | 17,077 (70.7%) |
| Renter Occupied HU | 5,575 (23.1%) |
| Vacant Housing Units | 1,515 ( 6.3%) |
| Median Home Value | $357,966 |
| Average Home Value | $397,078 |
Housing Distribution
Address Breakdown
Residential
24,771
Single Family
22,687
Multi-Family
2,084
Businesses
1,480
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Listed by: N/A • Johnson & Wilson Real Estate Co LLC
Mls Name: CTMLS
Mls ID: #26001804