530 Farmer StStarrSC29684
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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 Starr at 530 Farmer St, Starr, SC, 29684 priced at $185,000 converts $1,441/mo rent into $340/mo cash flow after a $905/mo obligation. Total monthly income equals $1,441/mo, and annual cash flow totals $4,083/yr on $61,328 invested. Return on cash invested prints 26.57% in year one, and rental yield reads 9.35% against a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation compiles into $51,112 by year five. Five-year ROI reaches 138.3% and total cumulative return in cash sums $84,819. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,441/mo property income covering a $905/mo payment, not borrower’s personal income.
Manufactured
Built in 1983
4.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29684, Starr, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,016 (100%) |
| Owner Occupied HU | 1,615 (80.1%) |
| Renter Occupied HU | 263 (13.0%) |
| Vacant Housing Units | 138 ( 6.8%) |
| Median Home Value | $233,496 |
| Average Home Value | $265,735 |
Housing Distribution
Address Breakdown
Residential
1,879
Single Family
1,879
Multi-Family
0
Businesses
78
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Listed by: Crystal and Caitlin • Brand Name Real Estate Upstate (18950)
Mls Name: WUMLS
Mls ID: #20291965