215 Backspin DrElginSC29045
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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 Elgin at 215 Backspin Dr, Elgin, SC, 29045 priced at $459,499 pairs $2,340/mo rent with after a $2,249/mo payment. Total monthly income equals $2,340/mo. Return on cash invested is 14.97% in year one, and rental yield stands at 6.11% on a $459,499 basis. Equity gained on principal adds $2,965/yr, and 5% annual appreciation accumulates to $126,951 by year five. Five-year ROI measures 76.73% and total cumulative return in cash reaches $116,880. For financing, Ziffy Mortgage’s DSCR program evaluates $2,340/mo property income against a $2,249/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2025
9,583 sqft lot
$N/A/sqft
$695 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29045, Elgin, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,039 (100%) |
| Owner Occupied HU | 9,414 (78.2%) |
| Renter Occupied HU | 1,752 (14.6%) |
| Vacant Housing Units | 873 ( 7.3%) |
| Median Home Value | $279,894 |
| Average Home Value | $321,774 |
Housing Distribution
Address Breakdown
Residential
13,024
Single Family
12,229
Multi-Family
795
Businesses
415
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Listed by: Jeremy M Gould • Lennar Carolinas LLC
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #600363
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC