60 Backwater StBatesburgSC29006
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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 Batesburg at 60 Backwater St, Batesburg, SC, 29006 priced at $489,000 converts $1,920/mo rent into after a $2,393/mo obligation. Total monthly income equals $1,920/mo. Return on cash invested prints 12.58% in year one, and rental yield reads 4.71% against a $489,000 entry. Equity gained on principal adds $3,155/yr, while 5% annual appreciation compiles into $135,102 by year five. Five-year ROI reaches 63.22% and total cumulative return in cash sums $102,478. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,920/mo property income covering a $2,393/mo payment, not borrower’s personal income.
Single Family
Built in 2023
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29006, Batesburg, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,746 (100%) |
| Owner Occupied HU | 3,235 (68.2%) |
| Renter Occupied HU | 914 (19.3%) |
| Vacant Housing Units | 597 (12.6%) |
| Median Home Value | $216,363 |
| Average Home Value | $252,767 |
Housing Distribution
Address Breakdown
Residential
4,244
Single Family
4,244
Multi-Family
0
Businesses
311
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Listed by: Michael Mark • Charter One Realty
Mls Name: REsides, Inc.
Mls ID: #454926