1708 Millwood 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
Investment property for sale in Lancaster at 1708 Millwood Rd, Lancaster, SC, 29720 uses $122,622 cash to close to unlock $7,986/yr annual cash flow and $666/mo monthly cash flow. Total monthly income runs $2,867/mo, and a $1,810/mo payment keeps the spread at $666/mo. Purchase price stands at $369,900, and rental yield measures 9.3% with $2,867/mo rent. Return on cash invested shows 26.42% in year one, and 5% annual appreciation builds toward $102,197 over five years. Five-year ROI reaches 137.46% and total cumulative return in cash records $168,562. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,867/mo property income covering a $1,810/mo payment rather than investor’s personal income.
Single Family
Built in 2018
0.47 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brent Humphries • Heartland Realty LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4332564