490 Rutledge DrCatawbaSC29704
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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 Catawba at 490 Rutledge Dr, Catawba, SC, 29704 priced at $400,000 converts $2,437/mo rent into $56/mo cash flow after a $1,958/mo obligation. Total monthly income equals $2,437/mo, and annual cash flow totals $668/yr on $132,600 invested. Return on cash invested prints 20.41% in year one, and rental yield reads 7.31% against a $400,000 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation compiles into $110,513 by year five. Five-year ROI reaches 105.24% and total cumulative return in cash sums $139,552. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,437/mo property income covering a $1,958/mo payment, not borrower’s personal income.
Single Family
Built in 2008
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29704, Catawba, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,597 (100%) |
| Owner Occupied HU | 1,356 (84.9%) |
| Renter Occupied HU | 168 (10.5%) |
| Vacant Housing Units | 73 ( 4.6%) |
| Median Home Value | $322,980 |
| Average Home Value | $346,156 |
Housing Distribution
Address Breakdown
Residential
1,494
Single Family
1,494
Multi-Family
0
Businesses
51
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Listed by: Chelsea Desourdy • Keller Williams Connected
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4324741