188 Midland Pkwy APT 105SummervilleSC29485
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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 Summerville at 188 Midland Pkwy APT 105, Summerville, SC, 29485 uses $75,748 cash to close to unlock $5,690/yr annual cash flow and $474/mo monthly cash flow. Total monthly income runs $1,834/mo, and a $1,118/mo payment keeps the spread at $474/mo. Purchase price stands at $228,500, and rental yield measures 9.63% with $1,834/mo rent. Return on cash invested shows 27.42% in year one, and 5% annual appreciation builds toward $63,130 over five years. Five-year ROI reaches 142.87% and total cumulative return in cash records $108,220. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,834/mo property income covering a $1,118/mo payment rather than investor’s personal income.
Condo
Built in 2001
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29485, Summerville, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,770 (100%) |
| Owner Occupied HU | 18,311 (71.1%) |
| Renter Occupied HU | 6,119 (23.7%) |
| Vacant Housing Units | 1,340 ( 5.2%) |
| Median Home Value | $347,407 |
| Average Home Value | $367,799 |
Housing Distribution
Address Breakdown
Residential
25,243
Single Family
22,192
Multi-Family
3,051
Businesses
1,103
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Listed by: N/A • ChuckTown Homes Powered by Keller Williams
Mls Name: CTMLS
Mls ID: #25030240