2323 Harvey Rd.LorisSC29569
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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 Loris at 2323 Harvey Rd, Loris, SC, 29569 priced at $225,900 converts $2,760/mo rent into $1,415/mo cash flow after a $1,106/mo obligation. Total monthly income equals $2,760/mo, and annual cash flow totals $16,979/yr on $74,886 invested. Return on cash invested prints 42.58% in year one, and rental yield reads 14.66% against a $225,900 entry. Equity gained on principal adds $1,458/yr, while 5% annual appreciation compiles into $62,412 by year five. Five-year ROI reaches 224.12% and total cumulative return in cash sums $167,835. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,760/mo property income covering a $1,106/mo payment, not borrower’s personal income.
Manufactured
Built in 2006
1.81 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29569, Loris, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,494 (100%) |
| Owner Occupied HU | 6,315 (74.3%) |
| Renter Occupied HU | 1,452 (17.1%) |
| Vacant Housing Units | 727 ( 8.6%) |
| Median Home Value | $261,419 |
| Average Home Value | $320,817 |
Housing Distribution
Address Breakdown
Residential
8,365
Single Family
8,290
Multi-Family
75
Businesses
530
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Listed by: Cameron Wiggins • Water's Edge Homes and RE, LLC
Mls Name: CCAR
Mls Provider:
Mls ID: #2420976
Disclaimer: Provided courtesy of the Coastal Carolinas MLS. Copyright 2024 of the Coastal Carolinas MLS. All rights reserved. Information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Coastal Carolinas MLS.