309 Lake Mist Ct. #309LongsSC29568
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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 Longs at 309 Lake Mist Ct. #309, Longs, SC, 29568 listed at $299,400 pairs $2,294/mo rent with a $1,465/mo payment to leave $512/mo cash flow. Total monthly income runs $2,294/mo, and annual cash flow reaches $6,146/yr on $99,251 cash to close. Return on cash invested measures 26.1% in year one, and rental yield registers 9.19% at a $299,400 basis. Equity gained on principal adds $1,932/yr, and annual property appreciation at 5% supports $82,719 by year five. Five-year ROI tracks 135.76% and total cumulative return in cash totals $134,739. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,294/mo property income relative to a $1,465/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 2017
N/A 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: Justin Thompson • INNOVATE Real Estate
Mls Name: CCAR
Mls ID: #2529079