318 McCormick St NWAikenSC29801
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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 Aiken at 318 McCormick St NW, Aiken, SC, 29801 uses $54,698 cash to close to unlock $3,749/yr annual cash flow and $312/mo monthly cash flow. Total monthly income runs $1,295/mo, and a $808/mo payment keeps the spread at $312/mo. Purchase price stands at $165,000, and rental yield measures 9.42% with $1,295/mo rent. Return on cash invested shows 26.76% in year one, and 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 139.33% and total cumulative return in cash records $76,211. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,295/mo property income covering a $808/mo payment rather than investor’s personal income.
Single Family
Built in 1969
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29801, Aiken, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,006 (100%) |
| Owner Occupied HU | 8,411 (60.1%) |
| Renter Occupied HU | 3,908 (27.9%) |
| Vacant Housing Units | 1,687 (12.0%) |
| Median Home Value | $213,781 |
| Average Home Value | $272,151 |
Housing Distribution
Address Breakdown
Residential
12,717
Single Family
12,341
Multi-Family
376
Businesses
1,055
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Listed by: Sullivan Turner Team • Meybohm Real Estate - Aiken
Mls Name: Aiken MLS
Mls ID: #219370