317 Lankford StMoncks CornerSC29461
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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 Moncks Corner at 317 Lankford St, Moncks Corner, SC, 29461 priced at $275,000 converts $1,822/mo rent into $185/mo cash flow after a $1,346/mo obligation. Total monthly income equals $1,822/mo, and annual cash flow totals $2,220/yr on $91,163 invested. Return on cash invested prints 22.34% in year one, and rental yield reads 7.95% against a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation compiles into $75,977 by year five. Five-year ROI reaches 115.59% and total cumulative return in cash sums $105,371. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,822/mo property income covering a $1,346/mo payment, not borrower’s personal income.
Manufactured
Built in 1990
1.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29461, Moncks Corner, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,764 (100%) |
| Owner Occupied HU | 14,040 (74.8%) |
| Renter Occupied HU | 3,263 (17.4%) |
| Vacant Housing Units | 1,461 ( 7.8%) |
| Median Home Value | $339,474 |
| Average Home Value | $361,350 |
Housing Distribution
Address Breakdown
Residential
17,420
Single Family
17,259
Multi-Family
161
Businesses
1,184
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Listed by: N/A • Maven Realty
Mls Name: CTMLS
Mls Provider:
Mls ID: #25021472
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright Charleston Trident Multiple Listing Service, Inc. All rights reserved. Information is deemed reliable but not guaranteed.