2293 Cotton LnSummertonSC29148
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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 Summerton at 2293 Cotton Ln, Summerton, SC, 29148 uses $36,465 cash to close to unlock $4,387/yr annual cash flow and $366/mo monthly cash flow. Total monthly income runs $1,020/mo, and a $538/mo payment keeps the spread at $366/mo. Purchase price stands at $110,000, and rental yield measures 11.13% with $1,020/mo rent. Return on cash invested shows 31.94% in year one, and 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 167.11% and total cumulative return in cash records $60,936. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,020/mo property income covering a $538/mo payment rather than investor’s personal income.
Manufactured
Built in 1988
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29148, Summerton, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,865 (100%) |
| Owner Occupied HU | 2,130 (55.1%) |
| Renter Occupied HU | 506 (13.1%) |
| Vacant Housing Units | 1,229 (31.8%) |
| Median Home Value | $180,714 |
| Average Home Value | $240,898 |
Housing Distribution
Address Breakdown
Residential
3,091
Single Family
2,967
Multi-Family
124
Businesses
165
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Listed by: Robert McCants • TIDEWATER PROPERTIES OF SC,LLC
Mls Name: Sumter BOR
Mls ID: #159135