285 Byrnes StDenmarkSC29042
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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 Denmark at 285 Byrnes St, Denmark, SC, 29042 priced at $135,000 converts $1,331/mo rent into $354/mo cash flow after a $661/mo obligation. Total monthly income equals $1,331/mo, and annual cash flow totals $4,253/yr on $44,753 invested. Return on cash invested prints 29.41% in year one, and rental yield reads 11.83% against a $135,000 entry. Equity gained on principal adds $871/yr, while 5% annual appreciation compiles into $37,298 by year five. Five-year ROI reaches 155.26% and total cumulative return in cash sums $69,481. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,331/mo property income covering a $661/mo payment, not borrower’s personal income.
Single Family
Built in 1963
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29042, Denmark, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,241 (100%) |
| Owner Occupied HU | 1,134 (50.6%) |
| Renter Occupied HU | 635 (28.3%) |
| Vacant Housing Units | 472 (21.1%) |
| Median Home Value | $122,905 |
| Average Home Value | $147,670 |
Housing Distribution
Address Breakdown
Residential
1,741
Single Family
1,721
Multi-Family
20
Businesses
196
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Listed by: N/A • Keller Williams Realty Charleston
Mls Name: CTMLS
Mls Provider:
Mls ID: #24009669
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