413 Richards StDenmarkSC29042
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Nearby investment properties with comparable prices
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 Denmark at 413 Richards St, Denmark, SC, 29042 offers a 11.6% rental yield on a $139,900 purchase with $1,352/mo rent. Total monthly income registers $1,352/mo, and a $685/mo payment leaves $519/mo available for distribution. Annual cash flow reaches $6,227/yr on $46,377 to close, and return on cash invested stands at 33.34% in year one. Equity gained on principal adds $903/yr while 5% annual appreciation supports $38,652 over five years. Portfolio math shows five-year ROI at 174.51% and total cumulative return in cash at $80,931. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,352/mo property income against a $685/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1983
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29042, Denmark, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,241 (100%) |
| Owner Occupied HU | 1,134 (50.6%) |
| Renter Occupied HU | 635 (28.3%) |
| Vacant Housing Units | 472 (21.1%) |
| Median Home Value | $122,905 |
| Average Home Value | $147,670 |
Housing Distribution
Address Breakdown
Residential
1,741
Single Family
1,721
Multi-Family
20
Businesses
196
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Listed by: Micah N Collins • Keller Williams Preferred
Mls Name: Consolidated MLS
Mls ID: #622273