280 Tail Race LnFort MillSC29715
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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 Fort Mill at 280 Tail Race Ln, Fort Mill, SC, 29715 priced at $300,000 pairs $2,609/mo rent with $824/mo cash flow after a $1,468/mo payment. Total monthly income equals $2,609/mo, and annual cash flow comes to $9,882/yr on $99,450 invested. Return on cash invested is 29.85% in year one, and rental yield stands at 10.44% on a $300,000 basis. Equity gained on principal adds $1,936/yr, and 5% annual appreciation accumulates to $82,884 by year five. Five-year ROI measures 155.84% and total cumulative return in cash reaches $154,980. For financing, Ziffy Mortgage’s DSCR program evaluates $2,609/mo property income against a $1,468/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2005
0.04 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29715, Fort Mill, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,293 (100%) |
| Owner Occupied HU | 14,219 (77.7%) |
| Renter Occupied HU | 3,373 (18.4%) |
| Vacant Housing Units | 701 ( 3.8%) |
| Median Home Value | $473,041 |
| Average Home Value | $515,621 |
Housing Distribution
Address Breakdown
Residential
17,819
Single Family
16,220
Multi-Family
1,599
Businesses
780
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Listed by: Erica Strong • Mark Spain Real Estate
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4296568