404 Mill Stone LnNorth AugustaSC29860
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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 North Augusta at 404 Mill Stone Ln, North Augusta, SC, 29860 offers $2,052/mo rent that, after a $1,407/mo payment, leaves $341/mo cash flow. Total monthly income is $2,052/mo, and annual cash flow is $4,090/yr on $95,273 cash. Return on cash invested measures 24.2% in year one, and rental yield stands at 8.57% at a $287,400 entry. Equity gained on principal adds $1,855/yr while 5% annual appreciation compounds into $79,403 by year five. Five-year ROI records 125.55% and total cumulative return in cash reaches $119,620. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,052/mo property income versus a $1,407/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2026
9,583 sqft lot
$N/A/sqft
No 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 |
Housing Distribution
Address Breakdown
Residential
7,782
Single Family
7,782
Multi-Family
0
Businesses
184
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Listed by: William Seamon • Real Broker LLC
Mls Name: Aiken MLS
Mls ID: #220597