608 Rock StLancasterSC29720
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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 Lancaster at 608 Rock St, Lancaster, SC, 29720 uses $76,212 cash to close to unlock $524/yr annual cash flow and $44/mo monthly cash flow. Total monthly income runs $1,412/mo, and a $1,125/mo payment keeps the spread at $44/mo. Purchase price stands at $229,900, and rental yield measures 7.37% with $1,412/mo rent. Return on cash invested shows 20.6% in year one, and 5% annual appreciation builds toward $63,517 over five years. Five-year ROI reaches 106.23% and total cumulative return in cash records $80,963. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,412/mo property income covering a $1,125/mo payment rather than investor’s personal income.
Single Family
Built in 1970
0.19 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29720, Lancaster, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,458 (100%) |
| Owner Occupied HU | 17,867 (73.1%) |
| Renter Occupied HU | 4,998 (20.4%) |
| Vacant Housing Units | 1,593 ( 6.5%) |
| Median Home Value | $289,078 |
| Average Home Value | $332,866 |
Housing Distribution
Address Breakdown
Residential
23,661
Single Family
23,219
Multi-Family
442
Businesses
1,184
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Listed by: Melanie Outlaw • NorthGroup Real Estate LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4333873