5124 Mill Race LnLancasterSC29720
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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 Lancaster at 5124 Mill Race Ln, Lancaster, SC, 29720 earns from $4,244/mo rent with a $6,730/mo payment. Total monthly income totals $4,244/mo. ROI tracks 9.75% on current figures, and rental yield reads 3.7% at a $1,375,000 purchase. Equity gained on principal adds $8,873/yr, and 5% annual appreciation supports $379,887 over five years. Five-year ROI reaches 47.97% and total cumulative return in cash sums $213,690. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,244/mo property income instead of your personal income.
Single Family
Built in 2007
1.08 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: Chris Jordan • Keller Williams Connected
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4336296