308 Concorde Dr.GeorgetownSC29440
Nearby investment properties with comparable rents
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 Georgetown at 308 Concorde Dr, Georgetown, SC, 29440 generates $3,442/mo in rent and, after a $2,080/mo payment, leaves $912/mo in cash flow. Total monthly income is $3,442/mo, and annual cash flow is $10,947/yr on $140,888 invested. Return on cash invested sits at 27.68% in year one, and rental yield is 9.72% on a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 144.21% and total cumulative return in cash sums $203,177. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,442/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29440, Georgetown, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,040 (100%) |
| Owner Occupied HU | 9,010 (64.2%) |
| Renter Occupied HU | 2,616 (18.6%) |
| Vacant Housing Units | 2,414 (17.2%) |
| Median Home Value | $215,863 |
| Average Home Value | $349,134 |
Housing Distribution
Address Breakdown
Residential
13,152
Single Family
12,984
Multi-Family
168
Businesses
906
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Larry W Forbes • Weichert Realtors Southern Coast
Mls Name: CCAR
Mls ID: #2524264