1874 McIlwain RdLancasterSC29720
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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 1874 McIlwain Rd, Lancaster, SC, 29720 earns from $1,278/mo rent with a $1,272/mo payment. Total monthly income totals $1,278/mo. ROI tracks 16.16% on current figures, and rental yield reads 5.9% at a $259,900 purchase. Equity gained on principal adds $1,677/yr, and 5% annual appreciation supports $71,806 over five years. Five-year ROI reaches 82.44% and total cumulative return in cash sums $71,026. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,278/mo property income instead of your personal income.
Single Family
Built in 1940
6.39 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: Kim Hanushek • EXP Realty LLC Rock Hill
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4281008