616 Fredrick StDenmarkSC29042
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThis Denmark rental at 616 Fredrick St, Denmark, SC, 29042 sits in the solid-income band: 14.15% gross yield, $1,356/mo rent, $467/mo net after the $517/mo debt service, DSCR 2.62. Entry price of $115,000 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $31,772 and $1,059/yr in principal reduction bring total cumulative return to $74,435.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 14.2% | 6.2% |
| Monthly Cash Flow | $467 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,356 |
| Total Monthly Debt Service | $844 |
| DSCR Ratio | 1.61x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Apartment
Built in 2011
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29042, Denmark, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,241 (100%) |
| Owner Occupied HU | 1,134 (50.6%) |
| Renter Occupied HU | 635 (28.3%) |
| Vacant Housing Units | 472 (21.1%) |
| Median Home Value | $122,905 |
| Average Home Value | $147,670 |
Housing Distribution
Address Breakdown
Residential
1,741
Single Family
1,721
Multi-Family
20
Businesses
196
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
Apartment
Built in 2011
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29042, Denmark, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,241 (100%) |
| Owner Occupied HU | 1,134 (50.6%) |
| Renter Occupied HU | 635 (28.3%) |
| Vacant Housing Units | 472 (21.1%) |
| Median Home Value | $122,905 |
| Average Home Value | $147,670 |
Housing Distribution
Address Breakdown
Residential
1,741
Single Family
1,721
Multi-Family
20
Businesses
196
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices