270 Somerset AveNorwaySC29113
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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 Norway at 270 Somerset Ave, Norway, SC, 29113 listed at $115,000 pairs $1,139/mo rent with a $563/mo payment to leave $326/mo cash flow. Total monthly income runs $1,139/mo, and annual cash flow reaches $3,917/yr on $38,123 cash to close. Return on cash invested measures 30.18% in year one, and rental yield registers 11.89% at a $115,000 basis. Equity gained on principal adds $742/yr, and annual property appreciation at 5% supports $31,772 by year five. Five-year ROI tracks 159.17% and total cumulative return in cash totals $60,681. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,139/mo property income relative to a $563/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1960
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29113, Norway, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 721 (100%) |
| Owner Occupied HU | 495 (68.7%) |
| Renter Occupied HU | 101 (14.0%) |
| Vacant Housing Units | 125 (17.3%) |
| Median Home Value | $95,323 |
| Average Home Value | $167,061 |
Housing Distribution
Address Breakdown
Residential
533
Single Family
533
Multi-Family
0
Businesses
29
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Listed by: N/A • N/A
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