1386 Hobbs DrSummertonSC29148
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 Summerton at 1386 Hobbs Dr, Summerton, SC, 29148 priced at $172,000 pairs $1,433/mo rent with $409/mo cash flow after a $842/mo payment. Total monthly income equals $1,433/mo, and annual cash flow comes to $4,908/yr on $57,018 invested. Return on cash invested is 28.52% in year one, and rental yield stands at 10% on a $172,000 basis. Equity gained on principal adds $1,110/yr, and 5% annual appreciation accumulates to $47,520 by year five. Five-year ROI measures 148.67% and total cumulative return in cash reaches $84,769. For financing, Ziffy Mortgage’s DSCR program evaluates $1,433/mo property income against a $842/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1967
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29148, Summerton, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,865 (100%) |
| Owner Occupied HU | 2,130 (55.1%) |
| Renter Occupied HU | 506 (13.1%) |
| Vacant Housing Units | 1,229 (31.8%) |
| Median Home Value | $180,714 |
| Average Home Value | $240,898 |
Housing Distribution
Address Breakdown
Residential
3,091
Single Family
2,967
Multi-Family
124
Businesses
165
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Listed by: Mary Reames • ERA Wilder Realty
Mls Name: Consolidated MLS
Mls ID: #606440