515 Caro LnChapinSC29036
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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 Chapin at 515 Caro Ln, Chapin, SC, 29036 generates $3,193/mo in rent, after a $4,058/mo payment. Total monthly income is $3,193/mo. Return on cash invested sits at 12.38% in year one, and rental yield is 4.62% on a $829,000 entry. Equity gained on principal adds $5,349/yr, while 5% annual appreciation builds toward $229,037 over five years. Five-year ROI reaches 62.11% and total cumulative return in cash sums $169,396. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,193/mo property income rather than buyer’s personal income.
Single Family
Built in 2003
0.73 Acres lot
$N/A/sqft
$50 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29036, Chapin, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,964 (100%) |
| Owner Occupied HU | 10,059 (84.1%) |
| Renter Occupied HU | 883 ( 7.4%) |
| Vacant Housing Units | 1,022 ( 8.5%) |
| Median Home Value | $415,767 |
| Average Home Value | $516,920 |
Housing Distribution
Address Breakdown
Residential
12,113
Single Family
11,956
Multi-Family
157
Businesses
548
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Listed by: Dusty Conine • Keller Williams Palmetto
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #594660
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC