53 Strawberry Field LnElginSC29045
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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 53 Strawberry Field Ln, Elgin, SC, 29045 offers $2,132/mo rent that, after a $1,493/mo payment, leaves $316/mo cash flow. Total monthly income is $2,132/mo, and annual cash flow is $3,795/yr on $101,108 cash. Return on cash invested measures 23.66% in year one, and rental yield stands at 8.39% at a $305,000 entry. Equity gained on principal adds $1,968/yr while 5% annual appreciation compounds into $84,266 by year five. Five-year ROI records 122.71% and total cumulative return in cash reaches $124,066. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,132/mo property income versus a $1,493/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
0.58 Acres 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
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Listed by: Christina Walsh • F & E Realty LLC
Mls Name: Consolidated MLS
Mls ID: #615763