24 Madden DrAbbevilleSC29620
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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 Abbeville at 24 Madden Dr, Abbeville, SC, 29620 priced at $199,900 pairs $1,103/mo rent with after a $978/mo payment. Total monthly income equals $1,103/mo. Return on cash invested is 18.34% in year one, and rental yield stands at 6.62% on a $199,900 basis. Equity gained on principal adds $1,290/yr, and 5% annual appreciation accumulates to $55,229 by year five. Five-year ROI measures 94.18% and total cumulative return in cash reaches $62,413. For financing, Ziffy Mortgage’s DSCR program evaluates $1,103/mo property income against a $978/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in N/A
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29620, Abbeville, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,155 (100%) |
| Owner Occupied HU | 4,127 (67.1%) |
| Renter Occupied HU | 1,138 (18.5%) |
| Vacant Housing Units | 890 (14.5%) |
| Median Home Value | $180,348 |
| Average Home Value | $215,574 |
Housing Distribution
Address Breakdown
Residential
5,530
Single Family
5,396
Multi-Family
134
Businesses
522
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Listed by: Joey Brown • Joey Brown Real Estate
Mls Name: WUMLS
Mls ID: #20287074