22156 E Tern CtFort MillSC29715
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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
Investment property for sale in Fort Mill at 22156 E Tern Ct, Fort Mill, SC, 29715 uses $138,899 cash to close to unlock $679/yr annual cash flow and $57/mo monthly cash flow. Total monthly income runs $2,551/mo, and a $2,051/mo payment keeps the spread at $57/mo. Purchase price stands at $419,000, and rental yield measures 7.31% with $2,551/mo rent. Return on cash invested shows 20.4% in year one, and 5% annual appreciation builds toward $115,762 over five years. Five-year ROI reaches 105.15% and total cumulative return in cash records $146,057. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,551/mo property income covering a $2,051/mo payment rather than investor’s personal income.
Single Family
Built in 2007
0.15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29715, Fort Mill, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,293 (100%) |
| Owner Occupied HU | 14,219 (77.7%) |
| Renter Occupied HU | 3,373 (18.4%) |
| Vacant Housing Units | 701 ( 3.8%) |
| Median Home Value | $473,041 |
| Average Home Value | $515,621 |
Housing Distribution
Address Breakdown
Residential
17,819
Single Family
16,220
Multi-Family
1,599
Businesses
780
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Listed by: Blake Payton • RE/MAX Executive
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4309938