2740 Irene Bridge HwyHickory GroveSC29717
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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 Hickory Grove at 2740 Irene Bridge Hwy, Hickory Grove, SC, 29717 uses $82,875 cash to close to unlock $5,609/yr annual cash flow and $467/mo monthly cash flow. Total monthly income runs $1,956/mo, and a $1,224/mo payment keeps the spread at $467/mo. Purchase price stands at $250,000, and rental yield measures 9.39% with $1,956/mo rent. Return on cash invested shows 26.68% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 138.86% and total cumulative return in cash records $115,078. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,956/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Single Family
Built in 1960
2.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29717, Hickory Grove, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 617 (100%) |
| Owner Occupied HU | 496 (80.4%) |
| Renter Occupied HU | 67 (10.9%) |
| Vacant Housing Units | 54 ( 8.8%) |
| Median Home Value | $212,319 |
| Average Home Value | $240,696 |
Housing Distribution
Address Breakdown
Residential
566
Single Family
566
Multi-Family
0
Businesses
30
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Listed by: Linda Strickland • Linda Strickland Real Estate
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4294903