181 Louie StWagenerSC29164
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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 Wagener at 181 Louie St, Wagener, SC, 29164 priced at $119,000 converts $950/mo rent into $242/mo cash flow after a $582/mo obligation. Total monthly income equals $950/mo, and annual cash flow totals $2,905/yr on $39,449 invested. Return on cash invested prints 27.27% in year one, and rental yield reads 9.58% against a $119,000 entry. Equity gained on principal adds $768/yr, while 5% annual appreciation compiles into $32,878 by year five. Five-year ROI reaches 142.13% and total cumulative return in cash sums $56,069. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $950/mo property income covering a $582/mo payment, not borrower’s personal income.
Single Family
Built in 1940
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29164, Wagener, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,250 (100%) |
| Owner Occupied HU | 1,624 (72.2%) |
| Renter Occupied HU | 344 (15.3%) |
| Vacant Housing Units | 282 (12.5%) |
| Median Home Value | $210,221 |
| Average Home Value | $228,889 |
Housing Distribution
Address Breakdown
Residential
1,940
Single Family
1,890
Multi-Family
50
Businesses
114
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Listed by: Connie Jeffcoat • Jeffcoat Realty
Mls Name: Consolidated MLS
Mls ID: #621167