197 Norris Ln Lot 7 - Little RiverLittle River LorisSC29569
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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
Total monthly income totals $2,760/mo, and annual cash flow totals $8,834/yr on $112,710 capital. ROI tracks 27.75% on current figures, and rental yield reads 9.74% at a $340,000 purchase. Equity gained on principal adds $2,194/yr, and 5% annual appreciation supports $93,936 over five years. Five-year ROI reaches 144.6% and total cumulative return in cash sums $162,978. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,760/mo property income instead of your personal income.
Single Family
Built in 2025
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29569, Loris, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,494 (100%) |
| Owner Occupied HU | 6,315 (74.3%) |
| Renter Occupied HU | 1,452 (17.1%) |
| Vacant Housing Units | 727 ( 8.6%) |
| Median Home Value | $261,419 |
| Average Home Value | $320,817 |
Housing Distribution
Address Breakdown
Residential
8,365
Single Family
8,290
Multi-Family
75
Businesses
530
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Listed by: Brett A Corder • Corder Properties, Inc.
Mls Name: CCAR
Mls ID: #2516130