304 E Barr StLancasterSC29720
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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 Lancaster at 304 E Barr St, Lancaster, SC, 29720 offers a 9.49% rental yield on a $135,000 purchase with $1,068/mo rent. Total monthly income registers $1,068/mo, and a $661/mo payment leaves $264/mo available for distribution. Annual cash flow reaches $3,170/yr on $44,753 to close, and return on cash invested stands at 26.99% in year one. Equity gained on principal adds $871/yr while 5% annual appreciation supports $37,298 over five years. Portfolio math shows five-year ROI at 140.61% and total cumulative return in cash at $62,929. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,068/mo property income against a $661/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1971
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29720, Lancaster, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,458 (100%) |
| Owner Occupied HU | 17,867 (73.1%) |
| Renter Occupied HU | 4,998 (20.4%) |
| Vacant Housing Units | 1,593 ( 6.5%) |
| Median Home Value | $289,078 |
| Average Home Value | $332,866 |
Housing Distribution
Address Breakdown
Residential
23,661
Single Family
23,219
Multi-Family
442
Businesses
1,184
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Listed by: Shenekia McClinton • Talford Realty International
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4282198