342 Lee St.ScrantonSC29591
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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 Scranton at 342 Lee St, Scranton, SC, 29591 priced at $184,900 converts $1,481/mo rent into $380/mo cash flow after a $905/mo obligation. Total monthly income equals $1,481/mo, and annual cash flow totals $4,564/yr on $61,294 invested. Return on cash invested prints 27.35% in year one, and rental yield reads 9.61% against a $184,900 entry. Equity gained on principal adds $1,193/yr, while 5% annual appreciation compiles into $51,084 by year five. Five-year ROI reaches 142.5% and total cumulative return in cash sums $87,343. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,481/mo property income covering a $905/mo payment, not borrower’s personal income.
Single Family
Built in 1973
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29591, Scranton, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,170 (100%) |
| Owner Occupied HU | 1,378 (63.5%) |
| Renter Occupied HU | 489 (22.5%) |
| Vacant Housing Units | 303 (14.0%) |
| Median Home Value | $116,429 |
| Average Home Value | $144,820 |
Housing Distribution
Address Breakdown
Residential
1,945
Single Family
1,945
Multi-Family
0
Businesses
84
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Listed by: Stephanie Bowers • Realty ONE Group DocksideNorth
Mls Name: CCAR
Mls ID: #2521856