189 Lewis Rd.HemingwaySC29554
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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 Hemingway at 189 Lewis Rd, Hemingway, SC, 29554 priced at $179,000 converts $1,353/mo rent into $288/mo cash flow after a $876/mo obligation. Total monthly income equals $1,353/mo, and annual cash flow totals $3,451/yr on $59,339 invested. Return on cash invested prints 25.72% in year one, and rental yield reads 9.07% against a $179,000 entry. Equity gained on principal adds $1,155/yr, while 5% annual appreciation compiles into $49,454 by year five. Five-year ROI reaches 133.74% and total cumulative return in cash sums $79,359. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,353/mo property income covering a $876/mo payment, not borrower’s personal income.
Single Family
Built in 1971
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29554, Hemingway, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,213 (100%) |
| Owner Occupied HU | 2,909 (69.0%) |
| Renter Occupied HU | 583 (13.8%) |
| Vacant Housing Units | 721 (17.1%) |
| Median Home Value | $137,612 |
| Average Home Value | $230,920 |
Housing Distribution
Address Breakdown
Residential
3,798
Single Family
3,710
Multi-Family
88
Businesses
278
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Listed by: Doug Joy • RE/MAX Executive
Mls Name: CCAR
Mls ID: #2514879