587 Cascade LoopLittle RiverSC29566
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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 Little River at 587 Cascade Loop, Little River, SC, 29566 offers $2,579/mo rent that, after a $2,031/mo payment, leaves $109/mo cash flow. Total monthly income is $2,579/mo, and annual cash flow is $1,307/yr on $137,539 cash. Return on cash invested measures 20.86% in year one, and rental yield stands at 7.46% at a $414,900 entry. Equity gained on principal adds $2,677/yr while 5% annual appreciation compounds into $114,629 by year five. Five-year ROI records 107.61% and total cumulative return in cash reaches $148,010. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,579/mo property income versus a $2,031/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29566, Little River, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,103 (100%) |
| Owner Occupied HU | 9,694 (60.2%) |
| Renter Occupied HU | 2,653 (16.5%) |
| Vacant Housing Units | 3,756 (23.3%) |
| Median Home Value | $350,665 |
| Average Home Value | $380,911 |
Housing Distribution
Address Breakdown
Residential
15,972
Single Family
13,650
Multi-Family
2,322
Businesses
745
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Listed by: Desiree Rowles • Rowles Real Estate
Mls Name: CCAR
Mls ID: #2526923