306 Byrd StScrantonSC29591
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Nearby investment properties with comparable prices
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 Scranton at 306 Byrd St, Scranton, SC, 29591 generates $1,515/mo in rent and, after a $979/mo payment, leaves $324/mo in cash flow. Total monthly income is $1,515/mo, and annual cash flow is $3,892/yr on $66,300 invested. Return on cash invested sits at 25.78% in year one, and rental yield is 9.09% on a $199,999 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 134.06% and total cumulative return in cash sums $88,880. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,515/mo property income rather than buyer’s personal income.
Single Family
Built in 1948
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29591, Scranton, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,170 (100%) |
| Owner Occupied HU | 1,378 (63.5%) |
| Renter Occupied HU | 489 (22.5%) |
| Vacant Housing Units | 303 (14.0%) |
| Median Home Value | $116,429 |
| Average Home Value | $144,820 |
Housing Distribution
Address Breakdown
Residential
1,945
Single Family
1,945
Multi-Family
0
Businesses
84
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Listed by: Thomas E Blackmon • Coldwell Banker Mcmillan And Associates
Mls Name: Pee Dee Realtor Association
Mls ID: #20254633