302 Springview Ln APT 7SummervilleSC29485
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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 Summerville at 302 Springview Ln APT 7, Summerville, SC, 29485 uses $79,560 cash to close to unlock $5,532/yr annual cash flow and $461/mo monthly cash flow. Total monthly income runs $1,890/mo, and a $1,175/mo payment keeps the spread at $461/mo. Purchase price stands at $240,000, and rental yield measures 9.45% with $1,890/mo rent. Return on cash invested shows 26.86% in year one, and 5% annual appreciation builds toward $66,308 over five years. Five-year ROI reaches 139.81% and total cumulative return in cash records $111,230. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,890/mo property income covering a $1,175/mo payment rather than investor’s personal income.
Townhouse
Built in 1985
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29485, Summerville, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,770 (100%) |
| Owner Occupied HU | 18,311 (71.1%) |
| Renter Occupied HU | 6,119 (23.7%) |
| Vacant Housing Units | 1,340 ( 5.2%) |
| Median Home Value | $347,407 |
| Average Home Value | $367,799 |
Housing Distribution
Address Breakdown
Residential
25,243
Single Family
22,192
Multi-Family
3,051
Businesses
1,103
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Listed by: N/A • Keller Williams Realty Charleston
Mls Name: CTMLS
Mls Provider:
Mls ID: #25017552
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright Charleston Trident Multiple Listing Service, Inc. All rights reserved. Information is deemed reliable but not guaranteed.