2636 Downey DrLancasterSC29720
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
Rental property for sale in Lancaster at 2636 Downey Dr, Lancaster, SC, 29720 offers $2,215/mo rent that, after a $1,321/mo payment, leaves $608/mo cash flow. Total monthly income is $2,215/mo, and annual cash flow is $7,300/yr on $89,472 cash. Return on cash invested measures 28.07% in year one, and rental yield stands at 9.85% at a $269,900 entry. Equity gained on principal adds $1,742/yr while 5% annual appreciation compounds into $74,568 by year five. Five-year ROI records 146.33% and total cumulative return in cash reaches $130,926. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,215/mo property income versus a $1,321/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
0.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29720, Lancaster, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,458 (100%) |
| Owner Occupied HU | 17,867 (73.1%) |
| Renter Occupied HU | 4,998 (20.4%) |
| Vacant Housing Units | 1,593 ( 6.5%) |
| Median Home Value | $289,078 |
| Average Home Value | $332,866 |
Housing Distribution
Address Breakdown
Residential
23,661
Single Family
23,219
Multi-Family
442
Businesses
1,184
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Julie Watts • Renew Real Estate
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4317074