523 W Carolina AveSummervilleSC29483
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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
Rental property for sale in Summerville at 523 W Carolina Ave, Summerville, SC, 29483 offers $2,790/mo rent that, after a $3,622/mo payment. Total monthly income is $2,790/mo. Return on cash invested measures 12.1% in year one, and rental yield stands at 4.52% at a $740,000 entry. Equity gained on principal adds $4,775/yr while 5% annual appreciation compounds into $204,448 by year five. Five-year ROI records 60.62% and total cumulative return in cash reaches $147,574. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,790/mo property income versus a $3,622/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1982
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29483, Summerville, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,167 (100%) |
| Owner Occupied HU | 17,077 (70.7%) |
| Renter Occupied HU | 5,575 (23.1%) |
| Vacant Housing Units | 1,515 ( 6.3%) |
| Median Home Value | $357,966 |
| Average Home Value | $397,078 |
Housing Distribution
Address Breakdown
Residential
24,771
Single Family
22,687
Multi-Family
2,084
Businesses
1,480
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Listed by: N/A • AgentOwned Realty Co. Premier Group, Inc.
Mls Name: CTMLS
Mls ID: #25018754