344 Mill Stone Ln, North Augusta, SC, 29860 | $367/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in North Augusta at 344 Mill Stone Ln, North Augusta, SC, 29860 priced at $282,900 converts $2,076/mo rent into $367/mo cash flow after a $1,385/mo obligation. Total monthly income equals $2,076/mo, and annual cash flow totals $4,399/yr on $93,781 invested. Return on cash invested prints 24.6% in year one, and rental yield reads 8.81% against a $282,900 entry. Equity gained on principal adds $1,826/yr, while 5% annual appreciation compiles into $78,160 by year five. Five-year ROI reaches 127.82% and total cumulative return in cash sums $119,875. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,076/mo property income covering a $1,385/mo payment, not borrower’s personal income.

Single Family

Built in 2025

9,583 sqft lot

$N/A/sqft

$300 annually HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 29860, North Augusta, SC area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	7,938 (100%)
Owner Occupied HU	6,309 (79.5%)
Renter Occupied HU	1,025 (12.9%)
Vacant Housing Units	604 ( 7.6%)
Median Home Value	$264,904
Average Home Value	$271,717