1601 Old River RdElloreeSC29047
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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 Elloree at 1601 Old River Rd, Elloree, SC, 29047 generates $2,569/mo in rent and, after a $1,321/mo payment, leaves $962/mo in cash flow. Total monthly income is $2,569/mo, and annual cash flow is $11,550/yr on $89,439 invested. Return on cash invested sits at 32.82% in year one, and rental yield is 11.43% on a $269,800 entry. Equity gained on principal adds $1,741/yr, while 5% annual appreciation builds toward $74,541 over five years. Five-year ROI reaches 171.8% and total cumulative return in cash sums $153,658. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,569/mo property income rather than buyer’s personal income.
Single Family
Built in 2022
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29047, Elloree, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,025 (100%) |
| Owner Occupied HU | 1,275 (63.0%) |
| Renter Occupied HU | 285 (14.1%) |
| Vacant Housing Units | 465 (23.0%) |
| Median Home Value | $157,492 |
| Average Home Value | $182,737 |
Housing Distribution
Address Breakdown
Residential
1,545
Single Family
1,511
Multi-Family
34
Businesses
84
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Listed by: N/A • Carolina One Real Estate
Mls Name: CTMLS
Mls ID: #25029068