3425 Redmond Mill RdNorthSC29112
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 North at 3425 Redmond Mill Rd, North, SC, 29112 generates $1,916/mo in rent and, after a $1,101/mo payment, leaves $577/mo in cash flow. Total monthly income is $1,916/mo, and annual cash flow is $6,924/yr on $74,554 invested. Return on cash invested sits at 29.2% in year one, and rental yield is 10.22% on a $224,900 entry. Equity gained on principal adds $1,451/yr, while 5% annual appreciation builds toward $62,136 over five years. Five-year ROI reaches 152.32% and total cumulative return in cash sums $113,557. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,916/mo property income rather than buyer’s personal income.
Single Family
Built in 1959
2.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29112, North, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,195 (100%) |
| Owner Occupied HU | 1,494 (68.1%) |
| Renter Occupied HU | 345 (15.7%) |
| Vacant Housing Units | 356 (16.2%) |
| Median Home Value | $113,214 |
| Average Home Value | $177,620 |
Housing Distribution
Address Breakdown
Residential
1,785
Single Family
1,765
Multi-Family
20
Businesses
91
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Christopher Del Rossi • Century 21 Vanguard
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #611629
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC