308 Longleaf Dr, Elgin, SC, 29045 | $503/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Elgin at 308 Longleaf Dr, Elgin, SC, 29045 offers a 9.78% rental yield on a $229,000 purchase with $1,866/mo rent. Total monthly income registers $1,866/mo, and a $1,121/mo payment leaves $503/mo available for distribution. Annual cash flow reaches $6,032/yr on $75,914 to close, and return on cash invested stands at 27.85% in year one. Equity gained on principal adds $1,478/yr while 5% annual appreciation supports $63,268 over five years. Portfolio math shows five-year ROI at 145.15% and total cumulative return in cash at $110,189. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,866/mo property income against a $1,121/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1983

1 Acres 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