560 Park Place DrElginSC29045
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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 560 Park Place Dr, Elgin, SC, 29045 priced at $315,000 converts $2,203/mo rent into $307/mo cash flow after a $1,542/mo obligation. Total monthly income equals $2,203/mo, and annual cash flow totals $3,680/yr on $104,423 invested. Return on cash invested prints 23.43% in year one, and rental yield reads 8.39% against a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation compiles into $87,029 by year five. Five-year ROI reaches 121.53% and total cumulative return in cash sums $126,905. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,203/mo property income covering a $1,542/mo payment, not borrower’s personal income.
Single Family
Built in 2005
8,700 sqft lot
$N/A/sqft
$21 monthly 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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