430 3rd StCherawSC29520
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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
Investment property for sale in Cheraw at 430 3rd St, Cheraw, SC, 29520 uses $94,478 cash to close to unlock $2,165/yr annual cash flow and $180/mo monthly cash flow. Total monthly income runs $1,877/mo, and a $1,395/mo payment keeps the spread at $180/mo. Purchase price stands at $285,000, and rental yield measures 7.9% with $1,877/mo rent. Return on cash invested shows 22.2% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 114.85% and total cumulative return in cash records $108,510. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,877/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Single Family
Built in 1938
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29520, Cheraw, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,308 (100%) |
| Owner Occupied HU | 3,863 (61.2%) |
| Renter Occupied HU | 1,490 (23.6%) |
| Vacant Housing Units | 955 (15.1%) |
| Median Home Value | $144,354 |
| Average Home Value | $176,859 |
Housing Distribution
Address Breakdown
Residential
5,865
Single Family
5,848
Multi-Family
17
Businesses
584
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Listed by: Mary D Anderson • Lewis Realty
Mls Name: Pee Dee Realtor Association
Mls ID: #20253401