355 N Magnolia AveOlantaSC29114
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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 Olanta at 355 N Magnolia Ave, Olanta, SC, 29114 uses $34,774 cash to close to unlock $4,992/yr annual cash flow and $416/mo monthly cash flow. Total monthly income runs $1,040/mo, and a $513/mo payment keeps the spread at $416/mo. Purchase price stands at $104,900, and rental yield measures 11.9% with $1,040/mo rent. Return on cash invested shows 34.26% in year one, and 5% annual appreciation builds toward $28,982 over five years. Five-year ROI reaches 179.46% and total cumulative return in cash records $62,406. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,040/mo property income covering a $513/mo payment rather than investor’s personal income.
Single Family
Built in 1951
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29114, Olanta, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 929 (100%) |
| Owner Occupied HU | 680 (73.2%) |
| Renter Occupied HU | 139 (15.0%) |
| Vacant Housing Units | 110 (11.8%) |
| Median Home Value | $122,479 |
| Average Home Value | $184,452 |
Housing Distribution
Address Breakdown
Residential
692
Single Family
692
Multi-Family
0
Businesses
75
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Listed by: Wells Sturgeon • Tru Vision Realty
Mls Name: Pee Dee Realtor Association
Mls Provider:
Mls ID: #20243553
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.