129 Virginia AvenueNorwaySC29113
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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
Investment property for sale in Norway at 129 Virginia Avenue, Norway, SC, 29113 listed at $319,900 pairs $2,767/mo rent with a $1,566/mo payment to leave $862/mo cash flow. Total monthly income runs $2,767/mo, and annual cash flow reaches $10,349/yr on $106,047 cash to close. Return on cash invested measures 29.67% in year one, and rental yield registers 10.38% at a $319,900 basis. Equity gained on principal adds $2,064/yr, and annual property appreciation at 5% supports $88,382 by year five. Five-year ROI tracks 154.89% and total cumulative return in cash totals $164,252. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,767/mo property income relative to a $1,566/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1977
1.30 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
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Listed by: Carolynn Collins • Olde South Properties & Investments
Mls Name: Hive MLS
Mls ID: #550071