612 Misty Banks DrChapinSC29036
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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 Chapin at 612 Misty Banks Dr, Chapin, SC, 29036 priced at $129,000 converts $983/mo rent into $215/mo cash flow after a $631/mo obligation. Total monthly income equals $983/mo, and annual cash flow totals $2,586/yr on $42,764 invested. Return on cash invested prints 25.96% in year one, and rental yield reads 9.14% against a $129,000 entry. Equity gained on principal adds $832/yr, while 5% annual appreciation compiles into $35,640 by year five. Five-year ROI reaches 135% and total cumulative return in cash sums $57,733. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $983/mo property income covering a $631/mo payment, not borrower’s personal income.
Single Family
Built in N/A
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29036, Chapin, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,964 (100%) |
| Owner Occupied HU | 10,059 (84.1%) |
| Renter Occupied HU | 883 ( 7.4%) |
| Vacant Housing Units | 1,022 ( 8.5%) |
| Median Home Value | $415,767 |
| Average Home Value | $516,920 |
Housing Distribution
Address Breakdown
Residential
12,113
Single Family
11,956
Multi-Family
157
Businesses
548
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Listed by: Michael Marshall • EXIT REAL ESTATE CONSULTANTS
Mls Name: Exit Realty
Mls Provider:
Mls ID: #596607