55 Silicate Way, Elgin, SC, 29045 | $290/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Elgin at 55 Silicate Way, Elgin, SC, 29045 offers a 9.3% rental yield on a $169,900 purchase with $1,317/mo rent. Total monthly income registers $1,317/mo, and a $832/mo payment leaves $290/mo available for distribution. Annual cash flow reaches $3,480/yr on $56,322 to close, and return on cash invested stands at 26.09% in year one. Equity gained on principal adds $1,096/yr while 5% annual appreciation supports $46,940 over five years. Portfolio math shows five-year ROI at 135.87% and total cumulative return in cash at $76,526. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,317/mo property income against a $832/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Manufactured

Built in 2000

0.56 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