217 Ruth Anne DrSummervilleSC29483
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 217 Ruth Anne Dr, Summerville, SC, 29483 priced at $185,000 converts $1,485/mo rent into $384/mo cash flow after a $905/mo obligation. Total monthly income equals $1,485/mo, and annual cash flow totals $4,611/yr on $61,328 invested. Return on cash invested prints 27.43% in year one, and rental yield reads 9.63% against a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation compiles into $51,112 by year five. Five-year ROI reaches 142.9% and total cumulative return in cash sums $87,639. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,485/mo property income covering a $905/mo payment, not borrower’s personal income.
Single Family
Built in 1979
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29483, Summerville, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,167 (100%) |
| Owner Occupied HU | 17,077 (70.7%) |
| Renter Occupied HU | 5,575 (23.1%) |
| Vacant Housing Units | 1,515 ( 6.3%) |
| Median Home Value | $357,966 |
| Average Home Value | $397,078 |
Housing Distribution
Address Breakdown
Residential
24,771
Single Family
22,687
Multi-Family
2,084
Businesses
1,480
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • Coldwell Banker Realty
Mls Name: CTMLS
Mls ID: #26000761