2377 Elowen Ln. #14ELongsSC29568
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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 Longs at 2377 Elowen Ln. #14E, Longs, SC, 29568 offers a 8.73% rental yield on a $365,000 purchase with $2,656/mo rent. Total monthly income registers $2,656/mo, and a $1,786/mo payment leaves $484/mo available for distribution. Annual cash flow reaches $5,805/yr on $120,998 to close, and return on cash invested stands at 24.71% in year one. Equity gained on principal adds $2,355/yr while 5% annual appreciation supports $100,843 over five years. Portfolio math shows five-year ROI at 128.26% and total cumulative return in cash at $155,191. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,656/mo property income against a $1,786/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29568, Longs, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,316 (100%) |
| Owner Occupied HU | 6,775 (72.7%) |
| Renter Occupied HU | 1,301 (14.0%) |
| Vacant Housing Units | 1,240 (13.3%) |
| Median Home Value | $316,590 |
| Average Home Value | $331,933 |
Housing Distribution
Address Breakdown
Residential
9,282
Single Family
8,694
Multi-Family
588
Businesses
321
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Listed by: Sue Curlett • Redfin Corporation
Mls Name: CCAR
Mls ID: #2525478