2211 Old Charleston RdScrantonSC29591
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
Investment property for sale in Scranton at 2211 Old Charleston Rd, Scranton, SC, 29591 uses $59,339 cash to close to unlock $8,359/yr annual cash flow and $697/mo monthly cash flow. Total monthly income runs $1,762/mo, and a $876/mo payment keeps the spread at $697/mo. Purchase price stands at $179,000, and rental yield measures 11.81% with $1,762/mo rent. Return on cash invested shows 34% in year one, and 5% annual appreciation builds toward $49,454 over five years. Five-year ROI reaches 178.11% and total cumulative return in cash records $105,687. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,762/mo property income covering a $876/mo payment rather than investor’s personal income.
Single Family
Built in 1968
1.86 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29591, Scranton, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,170 (100%) |
| Owner Occupied HU | 1,378 (63.5%) |
| Renter Occupied HU | 489 (22.5%) |
| Vacant Housing Units | 303 (14.0%) |
| Median Home Value | $116,429 |
| Average Home Value | $144,820 |
Housing Distribution
Address Breakdown
Residential
1,945
Single Family
1,945
Multi-Family
0
Businesses
84
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Marcia C Lyles • Drayton Realty Group
Mls Name: Pee Dee Realtor Association
Mls Provider:
Mls ID: #20250186
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.