6041 Highway 389NicholsSC29581
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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 Nichols at 6041 Highway 389, Nichols, SC, 29581 generates $1,418/mo in rent and, after a $1,023/mo payment, leaves $174/mo in cash flow. Total monthly income is $1,418/mo, and annual cash flow is $2,086/yr on $69,284 invested. Return on cash invested sits at 22.92% in year one, and rental yield is 8.14% on a $209,000 entry. Equity gained on principal adds $1,349/yr, while 5% annual appreciation builds toward $57,743 over five years. Five-year ROI reaches 118.68% and total cumulative return in cash sums $82,226. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,418/mo property income rather than buyer’s personal income.
Manufactured
Built in 2020
1.09 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29581, Nichols, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,152 (100%) |
| Owner Occupied HU | 1,442 (67.0%) |
| Renter Occupied HU | 310 (14.4%) |
| Vacant Housing Units | 400 (18.6%) |
| Median Home Value | $153,974 |
| Average Home Value | $189,027 |
Housing Distribution
Address Breakdown
Residential
1,839
Single Family
1,839
Multi-Family
0
Businesses
42
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Listed by: Angela "angie" Woodard • Realty One Group Dockside Cnwy
Mls Name: CCAR
Mls Provider:
Mls ID: #2506592
Disclaimer: Provided courtesy of the Coastal Carolinas MLS. Copyright 2025 of the Coastal Carolinas MLS. All rights reserved. Information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Coastal Carolinas MLS.