303 Spring RdWalterboroSC29488
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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 Walterboro at 303 Spring Rd, Walterboro, SC, 29488 with 5% annual appreciation on a $510,000 basis while $4,169/mo rent supports operations. Total monthly income totals $4,169/mo and a $2,496/mo payment preserves $1,081/mo for cash returns. Annual cash flow comes to $12,969/yr on $167,790 deployed, and return on cash invested reaches 27.79% in year one. Equity gained on principal adds $3,291/yr, and five-year appreciation sums $140,904 alongside rental yield of 9.81%. Five-year ROI measures 144.89% and total cumulative return in cash totals $243,111.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,169/mo property income versus a $2,496/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1997
0.65 Acres lot
$N/A/sqft
$100 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29488, Walterboro, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,018 (100%) |
| Owner Occupied HU | 6,324 (63.1%) |
| Renter Occupied HU | 2,563 (25.6%) |
| Vacant Housing Units | 1,131 (11.3%) |
| Median Home Value | $164,965 |
| Average Home Value | $212,836 |
Housing Distribution
Address Breakdown
Residential
9,617
Single Family
9,306
Multi-Family
311
Businesses
1,111
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Listed by: Shantae Williams • The Cox Team Brokered by eXp
Mls Name: Lowcountry Regional MLS
Mls Provider:
Mls ID: #186273
Disclaimer: 2024 Lowcountry Regional Multiple Listing Service. Information is deemed reliable but not guaranteed. Information is provided exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.