308 Picnic Basket Pl.LongsSC29568
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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
Rental property for sale in Longs at 308 Picnic Basket Pl, Longs, SC, 29568 priced at $339,730 converts $2,959/mo rent into $936/mo cash flow after a $1,663/mo obligation. Total monthly income equals $2,959/mo, and annual cash flow totals $11,237/yr on $112,620 invested. Return on cash invested prints 29.89% in year one, and rental yield reads 10.45% against a $339,730 entry. Equity gained on principal adds $2,192/yr, while 5% annual appreciation compiles into $93,861 by year five. Five-year ROI reaches 156.07% and total cumulative return in cash sums $175,769. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,959/mo property income covering a $1,663/mo payment, not borrower’s personal income.
Single Family
Built in 2024
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29568, Longs, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,316 (100%) |
| Owner Occupied HU | 6,775 (72.7%) |
| Renter Occupied HU | 1,301 (14.0%) |
| Vacant Housing Units | 1,240 (13.3%) |
| Median Home Value | $316,590 |
| Average Home Value | $331,933 |
Housing Distribution
Address Breakdown
Residential
9,282
Single Family
8,694
Multi-Family
588
Businesses
321
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Listed by: Patrick Zarcone • Century 21 The Harrelson Group
Mls Name: CCAR
Mls ID: #2521019