605 Old North Main StCloverSC29710
Nearby investment properties with comparable rents
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
Rental property for sale in Clover at 605 Old North Main St, Clover, SC, 29710 priced at $195,000 converts $1,544/mo rent into $384/mo cash flow after a $954/mo obligation. Total monthly income equals $1,544/mo, and annual cash flow totals $4,604/yr on $64,643 invested. Return on cash invested prints 27.03% in year one, and rental yield reads 9.5% against a $195,000 entry. Equity gained on principal adds $1,258/yr, while 5% annual appreciation compiles into $53,875 by year five. Five-year ROI reaches 140.75% and total cumulative return in cash sums $90,982. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,544/mo property income covering a $954/mo payment, not borrower’s personal income.
Single Family
Built in 1940
0.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29710, Clover, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,559 (100%) |
| Owner Occupied HU | 14,168 (76.3%) |
| Renter Occupied HU | 3,409 (18.4%) |
| Vacant Housing Units | 982 ( 5.3%) |
| Median Home Value | $434,455 |
| Average Home Value | $479,171 |
Housing Distribution
Address Breakdown
Residential
17,336
Single Family
16,486
Multi-Family
850
Businesses
868
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Susan Robillard • Rinehart Realty Corp- Fort Mil
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4288933