1602 University DrLancasterSC29720
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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
Investment property for sale in Lancaster at 1602 University Dr, Lancaster, SC, 29720 earns $1,189/mo cash flow from $3,046/mo rent with a $1,527/mo payment. Total monthly income totals $3,046/mo, and annual cash flow totals $14,266/yr on $103,428 capital. ROI tracks 33.7% on current figures, and rental yield reads 11.72% at a $312,000 purchase. Equity gained on principal adds $2,013/yr, and 5% annual appreciation supports $86,200 over five years. Five-year ROI reaches 176.49% and total cumulative return in cash sums $182,543. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,046/mo property income instead of your personal income.
Single Family
Built in 2025
0.39 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: Lloyd Hartman-Trimble • Carolina Homes Connection LLC
Mls Name: Consolidated MLS
Mls ID: #621081