2594 Cottonwood Dr. #SpruceSpruce LorisSC29569
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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 Spruce Loris at 2594 Cottonwood Dr. #Spruce, Spruce Loris, SC, 29569 uses $77,869 cash to close to unlock $2,225/yr annual cash flow and $185/mo monthly cash flow. Total monthly income runs $1,584/mo, and a $1,150/mo payment keeps the spread at $185/mo. Purchase price stands at $234,900, and rental yield measures 8.09% with $1,584/mo rent. Return on cash invested shows 22.77% in year one, and 5% annual appreciation builds toward $64,899 over five years. Five-year ROI reaches 117.89% and total cumulative return in cash records $91,797. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,584/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Single Family
Built in 2025
0.86 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29569, Loris, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,494 (100%) |
| Owner Occupied HU | 6,315 (74.3%) |
| Renter Occupied HU | 1,452 (17.1%) |
| Vacant Housing Units | 727 ( 8.6%) |
| Median Home Value | $261,419 |
| Average Home Value | $320,817 |
Housing Distribution
Address Breakdown
Residential
8,365
Single Family
8,290
Multi-Family
75
Businesses
530
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Listed by: Kevin K Sansbury • Sansbury Butler Properties
Mls Name: CCAR
Mls ID: #2516764