619 Red Mulberry RdMoncks CornerSC29461
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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 Moncks Corner at 619 Red Mulberry Rd, Moncks Corner, SC, 29461 uses $129,285 cash to close to unlock $6,963/yr annual cash flow and $580/mo monthly cash flow. Total monthly income runs $2,902/mo, and a $1,909/mo payment keeps the spread at $580/mo. Purchase price stands at $390,000, and rental yield measures 8.93% with $2,902/mo rent. Return on cash invested shows 25.29% in year one, and 5% annual appreciation builds toward $107,750 over five years. Five-year ROI reaches 131.44% and total cumulative return in cash records $169,928. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,902/mo property income covering a $1,909/mo payment rather than investor’s personal income.
Single Family
Built in 2023
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29461, Moncks Corner, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,764 (100%) |
| Owner Occupied HU | 14,040 (74.8%) |
| Renter Occupied HU | 3,263 (17.4%) |
| Vacant Housing Units | 1,461 ( 7.8%) |
| Median Home Value | $339,474 |
| Average Home Value | $361,350 |
Housing Distribution
Address Breakdown
Residential
17,420
Single Family
17,259
Multi-Family
161
Businesses
1,184
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Listed by: N/A • RE/MAX Cornerstone Realty
Mls Name: CTMLS
Mls ID: #25026780