607 Kershaw StCherawSC29520
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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
Investment property for sale in Cheraw at 607 Kershaw St, Cheraw, SC, 29520 uses $64,609 cash to close to unlock $6,105/yr annual cash flow and $509/mo monthly cash flow. Total monthly income runs $1,669/mo, and a $954/mo payment keeps the spread at $509/mo. Purchase price stands at $194,900, and rental yield measures 10.28% with $1,669/mo rent. Return on cash invested shows 29.36% in year one, and 5% annual appreciation builds toward $53,847 over five years. Five-year ROI reaches 153.2% and total cumulative return in cash records $98,979. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,669/mo property income covering a $954/mo payment rather than investor’s personal income.
Single Family
Built in 1958
0.71 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29520, Cheraw, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,308 (100%) |
| Owner Occupied HU | 3,863 (61.2%) |
| Renter Occupied HU | 1,490 (23.6%) |
| Vacant Housing Units | 955 (15.1%) |
| Median Home Value | $144,354 |
| Average Home Value | $176,859 |
Housing Distribution
Address Breakdown
Residential
5,865
Single Family
5,848
Multi-Family
17
Businesses
584
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Listed by: Courtlyn Polson • United Country Real Estate The Michael Group
Mls Name: Pee Dee Realtor Association
Mls Provider:
Mls ID: #20242531
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.