2518 Highway 38 WLattaSC29565
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Latta at 2518 Highway 38 W, Latta, SC, 29565 offers a 10.05% rental yield on a $179,900 purchase with $1,507/mo rent. Total monthly income registers $1,507/mo, and a $881/mo payment leaves $436/mo available for distribution. Annual cash flow reaches $5,227/yr on $59,637 to close, and return on cash invested stands at 28.67% in year one. Equity gained on principal adds $1,161/yr while 5% annual appreciation supports $49,703 over five years. Portfolio math shows five-year ROI at 149.56% and total cumulative return in cash at $89,193. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,507/mo property income against a $881/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1995
1.74 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29565, Latta, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,936 (100%) |
| Owner Occupied HU | 1,942 (66.1%) |
| Renter Occupied HU | 615 (20.9%) |
| Vacant Housing Units | 379 (12.9%) |
| Median Home Value | $107,826 |
| Average Home Value | $147,826 |
Housing Distribution
Address Breakdown
Residential
2,737
Single Family
2,677
Multi-Family
60
Businesses
163
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Listed by: Sara B Rogers • Dillon Realty Inc
Mls Name: Pee Dee Realtor Association
Mls ID: #20251254