128 Carnation CtNorwaySC29113
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Norway at 128 Carnation Ct, Norway, SC, 29113 offers $1,446/mo rent that, after a $734/mo payment, leaves $553/mo cash flow. Total monthly income is $1,446/mo, and annual cash flow is $6,639/yr on $49,725 cash. Return on cash invested measures 33.26% in year one, and rental yield stands at 11.57% at a $150,000 entry. Equity gained on principal adds $968/yr while 5% annual appreciation compounds into $41,442 by year five. Five-year ROI records 174.2% and total cumulative return in cash reaches $86,622. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,446/mo property income versus a $734/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29113, Norway, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 721 (100%) |
| Owner Occupied HU | 495 (68.7%) |
| Renter Occupied HU | 101 (14.0%) |
| Vacant Housing Units | 125 (17.3%) |
| Median Home Value | $95,323 |
| Average Home Value | $167,061 |
Housing Distribution
Address Breakdown
Residential
533
Single Family
533
Multi-Family
0
Businesses
29
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jeff Stilwell • Palmetto Real Estate Grp of SC
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #604566
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC