520 Morning Mist RdElginSC29045
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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 Elgin at 520 Morning Mist Rd, Elgin, SC, 29045 priced at $299,900 converts $2,760/mo rent into $950/mo cash flow after a $1,468/mo obligation. Total monthly income equals $2,760/mo, and annual cash flow totals $11,395/yr on $99,417 invested. Return on cash invested prints 31.37% in year one, and rental yield reads 11.04% against a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation compiles into $82,857 by year five. Five-year ROI reaches 164.13% and total cumulative return in cash sums $163,168. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,760/mo property income covering a $1,468/mo payment, not borrower’s personal income.
Single Family
Built in 2024
6,229 sqft lot
$N/A/sqft
$300 annually 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
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Listed by: Michael A Sceau • LGI Homes-SC LLC
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #596599
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC