1616 Morningside DrHartsvilleSC29550
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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 Hartsville at 1616 Morningside Dr, Hartsville, SC, 29550 uses $64,643 cash to close to unlock $4,892/yr annual cash flow and $408/mo monthly cash flow. Total monthly income runs $1,568/mo, and a $954/mo payment keeps the spread at $408/mo. Purchase price stands at $195,000, and rental yield measures 9.65% with $1,568/mo rent. Return on cash invested shows 27.48% in year one, and 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 143.12% and total cumulative return in cash records $92,518. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,568/mo property income covering a $954/mo payment rather than investor’s personal income.
Single Family
Built in 1960
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29550, Hartsville, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,463 (100%) |
| Owner Occupied HU | 9,240 (63.9%) |
| Renter Occupied HU | 3,233 (22.4%) |
| Vacant Housing Units | 1,990 (13.8%) |
| Median Home Value | $185,970 |
| Average Home Value | $206,876 |
Housing Distribution
Address Breakdown
Residential
13,591
Single Family
13,442
Multi-Family
149
Businesses
885
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