518 Fishers Cove RdFair PlaySC29643
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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 Fair Play at 518 Fishers Cove Rd, Fair Play, SC, 29643 offers $1,378/mo rent that, after a $1,713/mo payment. Total monthly income is $1,378/mo. Return on cash invested measures 12.61% in year one, and rental yield stands at 4.72% at a $350,000 entry. Equity gained on principal adds $2,258/yr while 5% annual appreciation compounds into $96,699 by year five. Five-year ROI records 63.41% and total cumulative return in cash reaches $73,574. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,378/mo property income versus a $1,713/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29643, Fair Play, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,152 (100%) |
| Owner Occupied HU | 1,249 (58.0%) |
| Renter Occupied HU | 186 ( 8.6%) |
| Vacant Housing Units | 717 (33.3%) |
| Median Home Value | $375,427 |
| Average Home Value | $425,562 |
Housing Distribution
Address Breakdown
Residential
1,687
Single Family
1,653
Multi-Family
34
Businesses
107
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Listed by: Cooper Dalrymple • DALCO Properties
Mls Name: WUMLS
Mls ID: #20293137