3281 Richards XingFort MillSC29708
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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 Fort Mill at 3281 Richards Xing, Fort Mill, SC, 29708 generates $2,886/mo in rent, after a $2,912/mo payment. Total monthly income is $2,886/mo. Return on cash invested sits at 16.04% in year one, and rental yield is 5.82% on a $595,000 entry. Equity gained on principal adds $3,839/yr, while 5% annual appreciation builds toward $164,388 over five years. Five-year ROI reaches 81.77% and total cumulative return in cash sums $160,070. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,886/mo property income rather than buyer’s personal income.
Single Family
Built in 2002
0.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29708, Fort Mill, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,958 (100%) |
| Owner Occupied HU | 12,907 (76.1%) |
| Renter Occupied HU | 3,336 (19.7%) |
| Vacant Housing Units | 715 ( 4.2%) |
| Median Home Value | $515,723 |
| Average Home Value | $565,304 |
Housing Distribution
Address Breakdown
Residential
16,406
Single Family
13,697
Multi-Family
2,709
Businesses
825
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Listed by: Paige Boykin • EXP Realty LLC Market St
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4286113