518 Michaelmas AveCayceSC29033
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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 Cayce at 518 Michaelmas Ave, Cayce, SC, 29033 uses $91,163 cash to close to unlock $480/yr annual cash flow and $40/mo monthly cash flow. Total monthly income runs $1,677/mo, and a $1,346/mo payment keeps the spread at $40/mo. Purchase price stands at $275,000, and rental yield measures 7.32% with $1,677/mo rent. Return on cash invested shows 20.43% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 105.33% and total cumulative return in cash records $96,023. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,677/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Single Family
Built in 1952
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29033, Cayce, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,291 (100%) |
| Owner Occupied HU | 3,578 (56.9%) |
| Renter Occupied HU | 2,120 (33.7%) |
| Vacant Housing Units | 593 ( 9.4%) |
| Median Home Value | $204,469 |
| Average Home Value | $270,334 |
Housing Distribution
Address Breakdown
Residential
6,398
Single Family
5,153
Multi-Family
1,245
Businesses
510
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Listed by: Glen T Levine • Keller Williams Realty
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #607878
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC