241 Coral StreetEdgefieldSC29824
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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 Edgefield at 241 Coral Street, Edgefield, SC, 29824 priced at $127,900 converts $1,481/mo rent into $720/mo cash flow after a $626/mo obligation. Total monthly income equals $1,481/mo, and annual cash flow totals $8,636/yr on $42,399 invested. Return on cash invested prints 40.28% in year one, and rental yield reads 13.9% against a $127,900 entry. Equity gained on principal adds $825/yr, while 5% annual appreciation compiles into $35,336 by year five. Five-year ROI reaches 211.77% and total cumulative return in cash sums $89,787. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,481/mo property income covering a $626/mo payment, not borrower’s personal income.
Single Family
Built in 1930
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29824, Edgefield, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,338 (100%) |
| Owner Occupied HU | 2,160 (64.7%) |
| Renter Occupied HU | 687 (20.6%) |
| Vacant Housing Units | 491 (14.7%) |
| Median Home Value | $173,291 |
| Average Home Value | $214,529 |
Housing Distribution
Address Breakdown
Residential
2,742
Single Family
2,690
Multi-Family
52
Businesses
292
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Listed by: Greg Honeymichael • Meybohm Real Estate - Evans
Mls Name: Hive MLS
Mls ID: #549429