2374-2376 2378 Nichols LnEffinghamSC29541
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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 Effingham at 2374-2376 2378 Nichols Ln, Effingham, SC, 29541 offers a 12.1% rental yield on a $150,000 purchase with $1,513/mo rent. Total monthly income registers $1,513/mo, and a $734/mo payment leaves $620/mo available for distribution. Annual cash flow reaches $7,443/yr on $49,725 to close, and return on cash invested stands at 34.88% in year one. Equity gained on principal adds $968/yr while 5% annual appreciation supports $41,442 over five years. Portfolio math shows five-year ROI at 182.87% and total cumulative return in cash at $90,930. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,513/mo property income against a $734/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1992
0.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29541, Effingham, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,007 (100%) |
| Owner Occupied HU | 2,981 (74.4%) |
| Renter Occupied HU | 672 (16.8%) |
| Vacant Housing Units | 354 ( 8.8%) |
| Median Home Value | $234,067 |
| Average Home Value | $247,075 |
Housing Distribution
Address Breakdown
Residential
3,911
Single Family
3,911
Multi-Family
0
Businesses
124
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Listed by: Ann A Harris • Brand Name Real Estate
Mls Name: Pee Dee Realtor Association
Mls Provider:
Mls ID: #20250959
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.