517 Silver Spoon LnElginSC29045
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Elgin at 517 Silver Spoon Ln, Elgin, SC, 29045 earns $1,011/mo cash flow from $2,772/mo rent with a $1,448/mo payment. Total monthly income totals $2,772/mo, and annual cash flow totals $12,130/yr on $98,091 capital. ROI tracks 32.28% on current figures, and rental yield reads 11.24% at a $295,900 purchase. Equity gained on principal adds $1,909/yr, and 5% annual appreciation supports $81,752 over five years. Five-year ROI reaches 168.83% and total cumulative return in cash sums $165,609. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,772/mo property income instead of your personal income.
Single Family
Built in 2007
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29045, Elgin, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,039 (100%) |
| Owner Occupied HU | 9,414 (78.2%) |
| Renter Occupied HU | 1,752 (14.6%) |
| Vacant Housing Units | 873 ( 7.3%) |
| Median Home Value | $279,894 |
| Average Home Value | $321,774 |
Housing Distribution
Address Breakdown
Residential
13,024
Single Family
12,229
Multi-Family
795
Businesses
415
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Melinda Tungol • Realty One Group Reside
Mls Name: Consolidated MLS
Mls ID: #624685