505 Grandiflora AveLancasterSC29720
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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 Lancaster at 505 Grandiflora Ave, Lancaster, SC, 29720 priced at $296,000 pairs $2,394/mo rent with $632/mo cash flow after a $1,449/mo payment. Total monthly income equals $2,394/mo, and annual cash flow comes to $7,581/yr on $98,124 invested. Return on cash invested is 27.63% in year one, and rental yield stands at 9.71% on a $296,000 basis. Equity gained on principal adds $1,910/yr, and 5% annual appreciation accumulates to $81,779 by year five. Five-year ROI measures 143.97% and total cumulative return in cash reaches $141,268. For financing, Ziffy Mortgage’s DSCR program evaluates $2,394/mo property income against a $1,449/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2023
0.14 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29720, Lancaster, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,458 (100%) |
| Owner Occupied HU | 17,867 (73.1%) |
| Renter Occupied HU | 4,998 (20.4%) |
| Vacant Housing Units | 1,593 ( 6.5%) |
| Median Home Value | $289,078 |
| Average Home Value | $332,866 |
Housing Distribution
Address Breakdown
Residential
23,661
Single Family
23,219
Multi-Family
442
Businesses
1,184
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Listed by: Stephanie Alvira • Coldwell Banker Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4327430