606 Corneilson Dr NWNew EllentonSC29809
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
Investment property for sale in New Ellenton at 606 Corneilson Dr NW, New Ellenton, SC, 29809 offers a 8.32% rental yield on a $245,000 purchase with $1,699/mo rent. Total monthly income registers $1,699/mo, and a $1,199/mo payment leaves $241/mo available for distribution. Annual cash flow reaches $2,889/yr on $81,218 to close, and return on cash invested stands at 23.47% in year one. Equity gained on principal adds $1,581/yr while 5% annual appreciation supports $67,689 over five years. Portfolio math shows five-year ROI at 121.61% and total cumulative return in cash at $98,772. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,699/mo property income against a $1,199/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
0.83 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29809, New Ellenton, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,290 (100%) |
| Owner Occupied HU | 908 (70.4%) |
| Renter Occupied HU | 249 (19.3%) |
| Vacant Housing Units | 133 (10.3%) |
| Median Home Value | $211,818 |
| Average Home Value | $379,369 |
Housing Distribution
Address Breakdown
Residential
1,022
Single Family
1,022
Multi-Family
0
Businesses
111
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: April Golding • Meybohm Real Estate
Mls Name: Consolidated MLS
Mls ID: #615808