228 Evergreen AveSummervilleSC29485
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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 Summerville at 228 Evergreen Ave, Summerville, SC, 29485 listed at $597,900 pairs $3,918/mo rent with a $2,926/mo payment to leave $359/mo cash flow. Total monthly income runs $3,918/mo, and annual cash flow reaches $4,311/yr on $196,709 cash to close. Return on cash invested measures 22.25% in year one, and rental yield registers 7.86% at a $597,900 basis. Equity gained on principal adds $3,858/yr, and annual property appreciation at 5% supports $165,189 by year five. Five-year ROI tracks 115.07% and total cumulative return in cash totals $226,356. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,918/mo property income relative to a $2,926/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2020
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29485, Summerville, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,770 (100%) |
| Owner Occupied HU | 18,311 (71.1%) |
| Renter Occupied HU | 6,119 (23.7%) |
| Vacant Housing Units | 1,340 ( 5.2%) |
| Median Home Value | $347,407 |
| Average Home Value | $367,799 |
Housing Distribution
Address Breakdown
Residential
25,243
Single Family
22,192
Multi-Family
3,051
Businesses
1,103
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Listed by: N/A • Carolina One Real Estate
Mls Name: CTMLS
Mls ID: #25031054