423 Castillo Dr.LorisSC29569
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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 423 Castillo Dr, Loris, SC, 29569 offers $2,760/mo rent that, after a $1,356/mo payment, leaves $1,111/mo cash flow. Total monthly income is $2,760/mo, and annual cash flow is $13,330/yr on $91,822 cash. Return on cash invested measures 34.43% in year one, and rental yield stands at 11.96% at a $276,990 entry. Equity gained on principal adds $1,787/yr while 5% annual appreciation compounds into $76,527 by year five. Five-year ROI records 180.39% and total cumulative return in cash reaches $165,636. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,760/mo property income versus a $1,356/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
0.26 Acres 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: Michael Bryan • Starlight Homes
Mls Name: CCAR
Mls ID: #2523973