401 Palmetto AveWinnsboroSC29180
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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 Winnsboro at 401 Palmetto Ave, Winnsboro, SC, 29180 generates $1,691/mo in rent and, after a $592/mo payment, leaves $971/mo in cash flow. Total monthly income is $1,691/mo, and annual cash flow is $11,653/yr on $40,078 invested. Return on cash invested sits at 48.98% in year one, and rental yield is 16.78% on a $120,900 entry. Equity gained on principal adds $780/yr, while 5% annual appreciation builds toward $33,402 over five years. Five-year ROI reaches 258.55% and total cumulative return in cash sums $103,622. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,691/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
0.61 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29180, Winnsboro, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,243 (100%) |
| Owner Occupied HU | 3,914 (62.7%) |
| Renter Occupied HU | 1,541 (24.7%) |
| Vacant Housing Units | 788 (12.6%) |
| Median Home Value | $124,078 |
| Average Home Value | $197,230 |
Housing Distribution
Address Breakdown
Residential
5,680
Single Family
5,569
Multi-Family
111
Businesses
452
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Listed by: Nichole Bingham • Coldwell Banker Realty
Mls Name: Consolidated MLS
Mls ID: #621977