188 Midland Pkwy APT 501SummervilleSC29485
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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 501, Summerville, SC, 29485 offers a 6.43% rental yield on a $243,000 purchase with $1,302/mo rent. 76% in year one. Equity gained on principal adds $1,568/yr while 5% annual appreciation supports $67,136 over five years. Portfolio math shows five-year ROI at 91.03% and total cumulative return in cash at $73,328. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,302/mo property income against a $1,189/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2001
435.60 sqft 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: Kirsten Campbell • eXp Realty LLC
Mls Name: Lowcountry Regional MLS
Mls ID: #193853