428 Forsters Tern StMoncks CornerSC29461
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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 Moncks Corner at 428 Forsters Tern St, Moncks Corner, SC, 29461 priced at $440,000 pairs $3,223/mo rent with $603/mo cash flow after a $2,154/mo payment. Total monthly income equals $3,223/mo, and annual cash flow comes to $7,240/yr on $145,860 invested. Return on cash invested is 24.87% in year one, and rental yield stands at 8.79% on a $440,000 basis. Equity gained on principal adds $2,839/yr, and 5% annual appreciation accumulates to $121,564 by year five. Five-year ROI measures 129.16% and total cumulative return in cash reaches $188,398. For financing, Ziffy Mortgage’s DSCR program evaluates $3,223/mo property income against a $2,154/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2016
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29461, Moncks Corner, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,764 (100%) |
| Owner Occupied HU | 14,040 (74.8%) |
| Renter Occupied HU | 3,263 (17.4%) |
| Vacant Housing Units | 1,461 ( 7.8%) |
| Median Home Value | $339,474 |
| Average Home Value | $361,350 |
Housing Distribution
Address Breakdown
Residential
17,420
Single Family
17,259
Multi-Family
161
Businesses
1,184
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Listed by: N/A • Realty ONE Group Coastal
Mls Name: CTMLS
Mls ID: #26001273