46 Texas Black WayElginSC29045
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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 Elgin at 46 Texas Black Way, Elgin, SC, 29045 offers $2,739/mo rent that, after a $1,811/mo payment, leaves $536/mo cash flow. Total monthly income is $2,739/mo, and annual cash flow is $6,437/yr on $122,655 cash. Return on cash invested measures 25.16% in year one, and rental yield stands at 8.88% at a $370,000 entry. Equity gained on principal adds $2,388/yr while 5% annual appreciation compounds into $102,224 by year five. Five-year ROI records 130.69% and total cumulative return in cash reaches $160,301. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,739/mo property income versus a $1,811/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2019
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29045, Elgin, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,039 (100%) |
| Owner Occupied HU | 9,414 (78.2%) |
| Renter Occupied HU | 1,752 (14.6%) |
| Vacant Housing Units | 873 ( 7.3%) |
| Median Home Value | $279,894 |
| Average Home Value | $321,774 |
Housing Distribution
Address Breakdown
Residential
13,024
Single Family
12,229
Multi-Family
795
Businesses
415
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Listed by: Brandon M Hoffman • Keller Williams Realty
Mls Name: Consolidated MLS
Mls ID: #623581