510 Evening Shade DrMoncks CornerSC29461
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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 Moncks Corner at 510 Evening Shade Dr, Moncks Corner, SC, 29461 with 5% annual appreciation on a $385,000 basis while $2,888/mo rent supports operations. Total monthly income totals $2,888/mo and a $1,884/mo payment preserves $597/mo for cash returns. Annual cash flow comes to $7,159/yr on $127,628 deployed, and return on cash invested reaches 25.52% in year one. Equity gained on principal adds $2,484/yr, and five-year appreciation sums $106,368 alongside rental yield of 9%. Five-year ROI measures 132.62% and total cumulative return in cash totals $169,258.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,888/mo property income versus a $1,884/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2007
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29461, Moncks Corner, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,764 (100%) |
| Owner Occupied HU | 14,040 (74.8%) |
| Renter Occupied HU | 3,263 (17.4%) |
| Vacant Housing Units | 1,461 ( 7.8%) |
| Median Home Value | $339,474 |
| Average Home Value | $361,350 |
Housing Distribution
Address Breakdown
Residential
17,420
Single Family
17,259
Multi-Family
161
Businesses
1,184
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Listed by: N/A • RE/MAX Cornerstone Realty
Mls Name: CTMLS
Mls ID: #25028779