283 E Main St.ScrantonSC29591
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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 Scranton at 283 E Main St, Scranton, SC, 29591 uses $49,559 cash to close to unlock $1,977/yr annual cash flow and $165/mo monthly cash flow. Total monthly income runs $1,055/mo, and a $732/mo payment keeps the spread at $165/mo. Purchase price stands at $149,500, and rental yield measures 8.47% with $1,055/mo rent. Return on cash invested shows 23.9% in year one, and 5% annual appreciation builds toward $41,304 over five years. Five-year ROI reaches 123.96% and total cumulative return in cash records $61,433. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,055/mo property income covering a $732/mo payment rather than investor’s personal income.
Single Family
Built in 1972
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29591, Scranton, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,170 (100%) |
| Owner Occupied HU | 1,378 (63.5%) |
| Renter Occupied HU | 489 (22.5%) |
| Vacant Housing Units | 303 (14.0%) |
| Median Home Value | $116,429 |
| Average Home Value | $144,820 |
Housing Distribution
Address Breakdown
Residential
1,945
Single Family
1,945
Multi-Family
0
Businesses
84
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Listed by: Karon M Epps • Epps Miles Eaddy Realty Inc
Mls Name: CCAR
Mls ID: #2527896