201 Mikel DrSummervilleSC29485
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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 Summerville at 201 Mikel Dr, Summerville, SC, 29485 priced at $223,000 converts $2,374/mo rent into $1,047/mo cash flow after a $1,091/mo obligation. Total monthly income equals $2,374/mo, and annual cash flow totals $12,564/yr on $73,925 invested. Return on cash invested prints 36.9% in year one, and rental yield reads 12.77% against a $223,000 entry. Equity gained on principal adds $1,439/yr, while 5% annual appreciation compiles into $61,611 by year five. Five-year ROI reaches 193.65% and total cumulative return in cash sums $143,153. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,374/mo property income covering a $1,091/mo payment, not borrower’s personal income.
Single Family
Built in 1969
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 • N/A
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