471 Paradise PointAbbevilleSC29620
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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 Abbeville at 471 Paradise Point, Abbeville, SC, 29620 priced at $485,000 converts $1,705/mo rent into after a $2,374/mo obligation. Total monthly income equals $1,705/mo. Return on cash invested prints 11.08% in year one, and rental yield reads 4.22% against a $485,000 entry. Equity gained on principal adds $3,130/yr, while 5% annual appreciation compiles into $133,997 by year five. Five-year ROI reaches 55.21% and total cumulative return in cash sums $88,766. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,705/mo property income covering a $2,374/mo payment, not borrower’s personal income.
Single Family
Built in 1975
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29620, Abbeville, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,155 (100%) |
| Owner Occupied HU | 4,127 (67.1%) |
| Renter Occupied HU | 1,138 (18.5%) |
| Vacant Housing Units | 890 (14.5%) |
| Median Home Value | $180,348 |
| Average Home Value | $215,574 |
Housing Distribution
Address Breakdown
Residential
5,530
Single Family
5,396
Multi-Family
134
Businesses
522
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Nearby investment properties with comparable prices
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