6170 Hopewell RdHickory GroveSC29717
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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 Hickory Grove at 6170 Hopewell Rd, Hickory Grove, SC, 29717 priced at $299,000 converts $2,261/mo rent into $482/mo cash flow after a $1,463/mo obligation. Total monthly income equals $2,261/mo, and annual cash flow totals $5,779/yr on $99,119 invested. Return on cash invested prints 25.74% in year one, and rental yield reads 9.07% against a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation compiles into $82,608 by year five. Five-year ROI reaches 133.81% and total cumulative return in cash sums $132,634. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,261/mo property income covering a $1,463/mo payment, not borrower’s personal income.
Single Family
Built in 2022
0.86 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29717, Hickory Grove, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 617 (100%) |
| Owner Occupied HU | 496 (80.4%) |
| Renter Occupied HU | 67 (10.9%) |
| Vacant Housing Units | 54 ( 8.8%) |
| Median Home Value | $212,319 |
| Average Home Value | $240,696 |
Housing Distribution
Address Breakdown
Residential
566
Single Family
566
Multi-Family
0
Businesses
30
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Listed by: Jennifer Brown • HOMELAND REALTY GROUP
Mls Name: SAR
Mls Provider:
Mls ID: #317111
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.