23 McRae RdCherawSC29520
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Nearby investment properties with comparable prices
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 Cheraw at 23 McRae Rd, Cheraw, SC, 29520 offers $2,236/mo rent that, after a $1,292/mo payment, leaves $665/mo cash flow. Total monthly income is $2,236/mo, and annual cash flow is $7,975/yr on $87,516 cash. Return on cash invested measures 29.02% in year one, and rental yield stands at 10.16% at a $264,000 entry. Equity gained on principal adds $1,704/yr while 5% annual appreciation compounds into $72,938 by year five. Five-year ROI records 151.41% and total cumulative return in cash reaches $132,505. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,236/mo property income versus a $1,292/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1954
1.82 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29520, Cheraw, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,308 (100%) |
| Owner Occupied HU | 3,863 (61.2%) |
| Renter Occupied HU | 1,490 (23.6%) |
| Vacant Housing Units | 955 (15.1%) |
| Median Home Value | $144,354 |
| Average Home Value | $176,859 |
Housing Distribution
Address Breakdown
Residential
5,865
Single Family
5,848
Multi-Family
17
Businesses
584
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Nearby investment properties with comparable prices
Listed by: Tonya H Michael • United Country Real Estate The Michael Group
Mls Name: Pee Dee Realtor Association
Mls ID: #20252654