301 Morris RdAikenSC29805
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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 Aiken at 301 Morris Rd, Aiken, SC, 29805 priced at $450,000 converts $2,839/mo rent into $160/mo cash flow after a $2,203/mo obligation. Total monthly income equals $2,839/mo, and annual cash flow totals $1,917/yr on $149,175 invested. Return on cash invested prints 21.19% in year one, and rental yield reads 7.57% against a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation compiles into $124,327 by year five. Five-year ROI reaches 109.42% and total cumulative return in cash sums $163,230. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,839/mo property income covering a $2,203/mo payment, not borrower’s personal income.
Single Family
Built in 1978
25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29805, Aiken, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,860 (100%) |
| Owner Occupied HU | 2,225 (77.8%) |
| Renter Occupied HU | 379 (13.3%) |
| Vacant Housing Units | 256 ( 9.0%) |
| Median Home Value | $258,275 |
| Average Home Value | $320,710 |
Housing Distribution
Address Breakdown
Residential
2,813
Single Family
2,812
Multi-Family
1
Businesses
85
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Listed by: Richard Pierce Buckingham • RE/MAX Tattersall Group
Mls Name: Aiken MLS
Mls ID: #219445