502 Burney St.NicholsSC29581
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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 Nichols at 502 Burney St, Nichols, SC, 29581 with 5% annual appreciation on a $265,000 basis while $1,919/mo rent supports operations. Total monthly income totals $1,919/mo and a $1,297/mo payment preserves $342/mo for cash returns. Annual cash flow comes to $4,099/yr on $87,848 deployed, and return on cash invested reaches 24.57% in year one. Equity gained on principal adds $1,710/yr, and five-year appreciation sums $73,215 alongside rental yield of 8.69%. Five-year ROI measures 127.57% and total cumulative return in cash totals $112,071.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,919/mo property income versus a $1,297/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1966
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29581, Nichols, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,152 (100%) |
| Owner Occupied HU | 1,442 (67.0%) |
| Renter Occupied HU | 310 (14.4%) |
| Vacant Housing Units | 400 (18.6%) |
| Median Home Value | $153,974 |
| Average Home Value | $189,027 |
Housing Distribution
Address Breakdown
Residential
1,839
Single Family
1,839
Multi-Family
0
Businesses
42
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Listed by: Alyssa Holmes • CENTURY 21 Thomas
Mls Name: CCAR
Mls ID: #2600954