223 2nd AveNewrySC29665
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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 Newry at 223 2nd Ave, Newry, SC, 29665 priced at $215,000 converts $1,853/mo rent into $573/mo cash flow after a $1,052/mo obligation. Total monthly income equals $1,853/mo, and annual cash flow totals $6,882/yr on $71,273 invested. Return on cash invested prints 29.56% in year one, and rental yield reads 10.34% against a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation compiles into $59,401 by year five. Five-year ROI reaches 154.33% and total cumulative return in cash sums $109,993. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,853/mo property income covering a $1,052/mo payment, not borrower’s personal income.
Multi Family
Built in 1947
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29665, Newry, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | |
| Owner Occupied HU | |
| Renter Occupied HU | |
| Vacant Housing Units | |
| Median Home Value | |
| Average Home Value |
Housing Distribution
Address Breakdown
Residential
81
Single Family
2
Multi-Family
0
Businesses
3
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Listed by: John Pack • Magnolia Rental Prop Management
Mls Name: WUMLS
Mls ID: #20293104