423 Lester Parrish RdBatesburgSC29006
Nearby investment properties with comparable rents
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
Rental property for sale in Batesburg at 423 Lester Parrish Rd, Batesburg, SC, 29006 priced at $194,700 converts $1,228/mo rent into $69/mo cash flow after a $953/mo obligation. Total monthly income equals $1,228/mo, and annual cash flow totals $827/yr on $64,543 invested. Return on cash invested prints 21.19% in year one, and rental yield reads 7.57% against a $194,700 entry. Equity gained on principal adds $1,256/yr, while 5% annual appreciation compiles into $53,792 by year five. Five-year ROI reaches 109.4% and total cumulative return in cash sums $70,608. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,228/mo property income covering a $953/mo payment, not borrower’s personal income.
Manufactured
Built in 2019
3.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29006, Batesburg, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,746 (100%) |
| Owner Occupied HU | 3,235 (68.2%) |
| Renter Occupied HU | 914 (19.3%) |
| Vacant Housing Units | 597 (12.6%) |
| Median Home Value | $216,363 |
| Average Home Value | $252,767 |
Housing Distribution
Address Breakdown
Residential
4,244
Single Family
4,244
Multi-Family
0
Businesses
311
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lindy Burnett • Coldwell Banker Realty
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #602232
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC