3860 Richardson StLorisSC29569
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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 Loris at 3860 Richardson St, Loris, SC, 29569 generates $2,605/mo in rent and, after a $1,820/mo payment, leaves $392/mo in cash flow. Total monthly income is $2,605/mo, and annual cash flow is $4,698/yr on $123,252 invested. Return on cash invested sits at 23.72% in year one, and rental yield is 8.41% on a $371,800 entry. Equity gained on principal adds $2,399/yr, while 5% annual appreciation builds toward $102,721 over five years. Five-year ROI reaches 122.98% and total cumulative return in cash sums $151,578. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,605/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29569, Loris, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,494 (100%) |
| Owner Occupied HU | 6,315 (74.3%) |
| Renter Occupied HU | 1,452 (17.1%) |
| Vacant Housing Units | 727 ( 8.6%) |
| Median Home Value | $261,419 |
| Average Home Value | $320,817 |
Housing Distribution
Address Breakdown
Residential
8,365
Single Family
8,290
Multi-Family
75
Businesses
530
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Listed by: N/A • N/A
Mls Name: Hunter Quinn Homes
Mls Provider:
Mls ID: #N/A