2950 Monaca Dr.LongsSC29568
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 3.09% gross rental yield, 2950 Monaca Dr, Longs, SC, 29568 in Longs is priced for capital growth, not immediate cash flow. The $1,050,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $290,096 by year five, with $9,671/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.57) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $168,753.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.1% | 7.2% |
| Monthly Cash Flow | $(3,548) | $420 |
City averages based on Longs market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,702 |
| Total Monthly Debt Service | $5,833 |
| DSCR Ratio | 0.46x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1987
6.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29568, Longs, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,316 (100%) |
| Owner Occupied HU | 6,775 (72.7%) |
| Renter Occupied HU | 1,301 (14.0%) |
| Vacant Housing Units | 1,240 (13.3%) |
| Median Home Value | $316,590 |
| Average Home Value | $331,933 |
Housing Distribution
Address Breakdown
Residential
9,282
Single Family
8,694
Multi-Family
588
Businesses
321
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1987
6.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29568, Longs, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,316 (100%) |
| Owner Occupied HU | 6,775 (72.7%) |
| Renter Occupied HU | 1,301 (14.0%) |
| Vacant Housing Units | 1,240 (13.3%) |
| Median Home Value | $316,590 |
| Average Home Value | $331,933 |
Housing Distribution
Address Breakdown
Residential
9,282
Single Family
8,694
Multi-Family
588
Businesses
321
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Palmetto and Pine Group Team • INNOVATE Real Estate
Mls Name: CCAR
Mls ID: #2603415