421 E Academy StLattaSC29565
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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 Latta at 421 E Academy St, Latta, SC, 29565 priced at $225,000 converts $1,906/mo rent into $567/mo cash flow after a $1,101/mo obligation. Total monthly income equals $1,906/mo, and annual cash flow totals $6,803/yr on $74,588 invested. Return on cash invested prints 29.03% in year one, and rental yield reads 10.17% against a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation compiles into $62,163 by year five. Five-year ROI reaches 151.44% and total cumulative return in cash sums $112,953. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,906/mo property income covering a $1,101/mo payment, not borrower’s personal income.
Single Family
Built in 2009
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29565, Latta, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,936 (100%) |
| Owner Occupied HU | 1,942 (66.1%) |
| Renter Occupied HU | 615 (20.9%) |
| Vacant Housing Units | 379 (12.9%) |
| Median Home Value | $107,826 |
| Average Home Value | $147,826 |
Housing Distribution
Address Breakdown
Residential
2,737
Single Family
2,677
Multi-Family
60
Businesses
163
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Listed by: Karen Congilaro • Carolina Pines Realty Office B
Mls Name: Pee Dee Realtor Association
Mls ID: #20252785