1506 Southern Crest Dr.LorisSC29569
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
Investment property for sale in Loris at 1506 Southern Crest Dr, Loris, SC, 29569 uses $76,245 cash to close to unlock $8,119/yr annual cash flow and $677/mo monthly cash flow. Total monthly income runs $2,046/mo, and a $1,126/mo payment keeps the spread at $677/mo. Purchase price stands at $230,000, and rental yield measures 10.67% with $2,046/mo rent. Return on cash invested shows 30.56% in year one, and 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 159.66% and total cumulative return in cash records $121,735. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,046/mo property income covering a $1,126/mo payment rather than investor’s personal income.
Single Family
Built in 2008
0.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29569, Loris, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,494 (100%) |
| Owner Occupied HU | 6,315 (74.3%) |
| Renter Occupied HU | 1,452 (17.1%) |
| Vacant Housing Units | 727 ( 8.6%) |
| Median Home Value | $261,419 |
| Average Home Value | $320,817 |
Housing Distribution
Address Breakdown
Residential
8,365
Single Family
8,290
Multi-Family
75
Businesses
530
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kerri C Pumphrey • Peace Sotheby's Int Realty NMB
Mls Name: CCAR
Mls ID: #2600162