1747 Summit Ave #CLancasterSC29720
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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 1747 Summit Ave #C, Lancaster, SC, 29720 uses $82,544 cash to close to unlock $10,938/yr annual cash flow and $911/mo monthly cash flow. Total monthly income runs $2,394/mo, and a $1,219/mo payment keeps the spread at $911/mo. Purchase price stands at $249,000, and rental yield measures 11.54% with $2,394/mo rent. Return on cash invested shows 33.16% in year one, and 5% annual appreciation builds toward $68,794 over five years. Five-year ROI reaches 173.62% and total cumulative return in cash records $143,312. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,394/mo property income covering a $1,219/mo payment rather than investor’s 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: Heather Mermell • Keller Williams Connected
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4280328