242 Powell DrSummervilleSC29483
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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 Summerville at 242 Powell Dr, Summerville, SC, 29483 uses $68,621 cash to close to unlock $7,607/yr annual cash flow and $634/mo monthly cash flow. Total monthly income runs $1,866/mo, and a $1,013/mo payment keeps the spread at $634/mo. Purchase price stands at $207,000, and rental yield measures 10.82% with $1,866/mo rent. Return on cash invested shows 30.99% in year one, and 5% annual appreciation builds toward $57,190 over five years. Five-year ROI reaches 161.97% and total cumulative return in cash records $111,142. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,866/mo property income covering a $1,013/mo payment rather than investor’s personal income.
Manufactured
Built in 1997
0.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29483, Summerville, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,167 (100%) |
| Owner Occupied HU | 17,077 (70.7%) |
| Renter Occupied HU | 5,575 (23.1%) |
| Vacant Housing Units | 1,515 ( 6.3%) |
| Median Home Value | $357,966 |
| Average Home Value | $397,078 |
Housing Distribution
Address Breakdown
Residential
24,771
Single Family
22,687
Multi-Family
2,084
Businesses
1,480
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Listed by: N/A • The American Realty
Mls Name: CTMLS
Mls Provider:
Mls ID: #24021003
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