56 Joy Rd.HemingwaySC29554
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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
Investment property for sale in Hemingway at 56 Joy Rd, Hemingway, SC, 29554 with 5% annual appreciation on a $225,000 basis while $1,652/mo rent supports operations. Total monthly income totals $1,652/mo and a $1,101/mo payment preserves $313/mo for cash returns. Annual cash flow comes to $3,755/yr on $74,588 deployed, and return on cash invested reaches 24.94% in year one. Equity gained on principal adds $1,452/yr, and five-year appreciation sums $62,163 alongside rental yield of 8.81%. Five-year ROI measures 129.54% and total cumulative return in cash totals $96,621.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,652/mo property income versus a $1,101/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 2013
1.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29554, Hemingway, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,213 (100%) |
| Owner Occupied HU | 2,909 (69.0%) |
| Renter Occupied HU | 583 (13.8%) |
| Vacant Housing Units | 721 (17.1%) |
| Median Home Value | $137,612 |
| Average Home Value | $230,920 |
Housing Distribution
Address Breakdown
Residential
3,798
Single Family
3,710
Multi-Family
88
Businesses
278
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Listed by: Doug Joy • RE/MAX Executive
Mls Name: CCAR
Mls ID: #2519699