602 Frow DrElginSC29045
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Nearby investment properties with comparable prices
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 Elgin at 602 Frow Dr, Elgin, SC, 29045 earns $1,246/mo cash flow from $3,917/mo rent with a $2,154/mo payment. Total monthly income totals $3,917/mo, and annual cash flow totals $14,953/yr on $145,860 capital. ROI tracks 30.16% on current figures, and rental yield reads 10.68% at a $440,000 purchase. Equity gained on principal adds $2,839/yr, and 5% annual appreciation supports $121,564 over five years. Five-year ROI reaches 157.69% and total cumulative return in cash sums $230,002. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,917/mo property income instead of your personal income.
Single Family
Built in 2021
6,969 sqft lot
$N/A/sqft
$615 annually 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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Listed by: Braden Greer • eXp Realty LLC
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #593096
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC