625 Mealing RdNorth AugustaSC29860
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
Investment Highlights
Investment property for sale in North Augusta at 625 Mealing Rd, North Augusta, SC, 29860 uses $109,395 cash to close to unlock $2,193/yr annual cash flow and $183/mo monthly cash flow. Total monthly income runs $2,147/mo, and a $1,615/mo payment keeps the spread at $183/mo. Purchase price stands at $330,000, and rental yield measures 7.81% with $2,147/mo rent. Return on cash invested shows 21.91% in year one, and 5% annual appreciation builds toward $91,173 over five years. Five-year ROI reaches 113.28% and total cumulative return in cash records $123,923. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,147/mo property income covering a $1,615/mo payment rather than investor’s personal income.
Single Family
Built in 1978
11.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29860, North Augusta, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,938 (100%) |
| Owner Occupied HU | 6,309 (79.5%) |
| Renter Occupied HU | 1,025 (12.9%) |
| Vacant Housing Units | 604 ( 7.6%) |
| Median Home Value | $264,904 |
| Average Home Value | $271,717 |
Housing Distribution
Address Breakdown
Residential
7,782
Single Family
7,782
Multi-Family
0
Businesses
184
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nicholas Huscroft • Chosen Realty LLC
Mls Name: Aiken MLS
Mls ID: #221225