1558 Springdale RdLancasterSC29720
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 Lancaster at 1558 Springdale Rd, Lancaster, SC, 29720 priced at $264,997 converts $3,466/mo rent into $1,889/mo cash flow after a $1,297/mo obligation. Total monthly income equals $3,466/mo, and annual cash flow totals $22,663/yr on $87,847 invested. Return on cash invested prints 45.71% in year one, and rental yield reads 15.7% against a $264,997 entry. Equity gained on principal adds $1,710/yr, while 5% annual appreciation compiles into $73,214 by year five. Five-year ROI reaches 240.89% and total cumulative return in cash sums $211,610. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,466/mo property income covering a $1,297/mo payment, not borrower’s personal income.
Single Family
Built in 2024
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29720, Lancaster, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,458 (100%) |
| Owner Occupied HU | 17,867 (73.1%) |
| Renter Occupied HU | 4,998 (20.4%) |
| Vacant Housing Units | 1,593 ( 6.5%) |
| Median Home Value | $289,078 |
| Average Home Value | $332,866 |
Housing Distribution
Address Breakdown
Residential
23,661
Single Family
23,219
Multi-Family
442
Businesses
1,184
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Listed by: Grady Thomas • Thomas Property Group, Inc.
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4188692
Disclaimer: Based on information submitted to the MLS GRID as of 2025-01-28 00:18:11 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_87)