2248 Rhode DrCottagevilleSC29435
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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 Cottageville at 2248 Rhode Dr, Cottageville, SC, 29435 priced at $140,000 converts $1,105/mo rent into $272/mo cash flow after a $685/mo obligation. Total monthly income equals $1,105/mo, and annual cash flow totals $3,262/yr on $46,410 invested. Return on cash invested prints 26.94% in year one, and rental yield reads 9.47% against a $140,000 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation compiles into $38,679 by year five. Five-year ROI reaches 140.24% and total cumulative return in cash sums $65,086. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,105/mo property income covering a $685/mo payment, not borrower’s personal income.
Manufactured
Built in 1999
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29435, Cottageville, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,942 (100%) |
| Owner Occupied HU | 1,417 (73.0%) |
| Renter Occupied HU | 240 (12.4%) |
| Vacant Housing Units | 285 (14.7%) |
| Median Home Value | $166,250 |
| Average Home Value | $203,407 |
Housing Distribution
Address Breakdown
Residential
1,731
Single Family
1,731
Multi-Family
0
Businesses
81
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Listed by: N/A • AgentOwned Realty
Mls Name: CTMLS
Mls Provider:
Mls ID: #25006742
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