426 N Park St.MullinsSC29574
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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 Mullins at 426 N Park St, Mullins, SC, 29574 priced at $174,900 converts $1,358/mo rent into $317/mo cash flow after a $856/mo obligation. Total monthly income equals $1,358/mo, and annual cash flow totals $3,803/yr on $57,979 invested. Return on cash invested prints 26.47% in year one, and rental yield reads 9.32% against a $174,900 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation compiles into $48,322 by year five. Five-year ROI reaches 137.72% and total cumulative return in cash sums $79,848. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,358/mo property income covering a $856/mo payment, not borrower’s personal income.
Single Family
Built in 1955
0.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29574, Mullins, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,064 (100%) |
| Owner Occupied HU | 3,001 (59.3%) |
| Renter Occupied HU | 1,258 (24.8%) |
| Vacant Housing Units | 805 (15.9%) |
| Median Home Value | $97,483 |
| Average Home Value | $139,026 |
Housing Distribution
Address Breakdown
Residential
4,732
Single Family
4,709
Multi-Family
23
Businesses
428
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Listed by: Stacy Strickland • Carolina Realty & Associates
Mls Name: CCAR
Mls ID: #2602234