3020 Cannon PlElginSC29045
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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 Elgin at 3020 Cannon Pl, Elgin, SC, 29045 with 5% annual appreciation on a $370,000 basis while $2,766/mo rent supports operations. Total monthly income totals $2,766/mo and a $1,811/mo payment preserves $563/mo for cash returns. Annual cash flow comes to $6,761/yr on $122,655 deployed, and return on cash invested reaches 25.42% in year one. Equity gained on principal adds $2,388/yr, and five-year appreciation sums $102,224 alongside rental yield of 8.97%. Five-year ROI measures 132.11% and total cumulative return in cash totals $162,041.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,766/mo property income versus a $1,811/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2022
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29045, Elgin, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,039 (100%) |
| Owner Occupied HU | 9,414 (78.2%) |
| Renter Occupied HU | 1,752 (14.6%) |
| Vacant Housing Units | 873 ( 7.3%) |
| Median Home Value | $279,894 |
| Average Home Value | $321,774 |
Housing Distribution
Address Breakdown
Residential
13,024
Single Family
12,229
Multi-Family
795
Businesses
415
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Listed by: Craig Green • Upside Realty LLC
Mls Name: Consolidated MLS
Mls ID: #623030