255 Iroquis TrailLongsSC29568
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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 Longs at 255 Iroquis Trail, Longs, SC, 29568 priced at $184,900 converts $1,586/mo rent into $485/mo cash flow after a $905/mo obligation. Total monthly income equals $1,586/mo, and annual cash flow totals $5,824/yr on $61,294 invested. Return on cash invested prints 29.41% in year one, and rental yield reads 10.29% against a $184,900 entry. Equity gained on principal adds $1,193/yr, while 5% annual appreciation compiles into $51,084 by year five. Five-year ROI reaches 153.54% and total cumulative return in cash sums $94,111. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,586/mo property income covering a $905/mo payment, not borrower’s personal income.
Manufactured
Built in 2000
6,969 sqft 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: Justin Thompson • INNOVATE Real Estate
Mls Name: CCAR
Mls ID: #2528583