309 Cullin RdElginSC29045
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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 Elgin at 309 Cullin Rd, Elgin, SC, 29045 offers a 9.53% rental yield on a $365,000 purchase with $2,899/mo rent. Total monthly income registers $2,899/mo, and a $1,786/mo payment leaves $727/mo available for distribution. Annual cash flow reaches $8,721/yr on $120,998 to close, and return on cash invested stands at 27.12% in year one. Equity gained on principal adds $2,355/yr while 5% annual appreciation supports $100,843 over five years. Portfolio math shows five-year ROI at 141.17% and total cumulative return in cash at $170,815. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,899/mo property income against a $1,786/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
0.25 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 |
Housing Distribution
Address Breakdown
Residential
13,024
Single Family
12,229
Multi-Family
795
Businesses
415
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Listed by: Marion Brown • Coldwell Banker Realty
Mls Name: Consolidated MLS
Mls ID: #620403