312 Mill Ridge RdRock HillSC29730
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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 Rock Hill at 312 Mill Ridge Rd, Rock Hill, SC, 29730 priced at $540,000 converts $3,220/mo rent into $6/mo cash flow after a $2,643/mo obligation. Total monthly income equals $3,220/mo, and annual cash flow totals $66/yr on $177,660 invested. Return on cash invested prints 20.1% in year one, and rental yield reads 7.16% against a $540,000 entry. Equity gained on principal adds $3,485/yr, while 5% annual appreciation compiles into $149,192 by year five. Five-year ROI reaches 103.51% and total cumulative return in cash sums $183,902. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,220/mo property income covering a $2,643/mo payment, not borrower’s personal income.
Single Family
Built in 2016
0.14 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29730, Rock Hill, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,777 (100%) |
| Owner Occupied HU | 15,536 (58.0%) |
| Renter Occupied HU | 9,205 (34.4%) |
| Vacant Housing Units | 2,036 ( 7.6%) |
| Median Home Value | $308,047 |
| Average Home Value | $338,248 |
Housing Distribution
Address Breakdown
Residential
25,370
Single Family
22,944
Multi-Family
2,426
Businesses
1,808
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Listed by: Annie Grove • Coldwell Banker Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4333661