64 Joy Rd.HemingwaySC29554
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 Hemingway at 64 Joy Rd, Hemingway, SC, 29554 listed at $192,000 pairs $1,858/mo rent with a $940/mo payment to leave $715/mo cash flow. Total monthly income runs $1,858/mo, and annual cash flow reaches $8,578/yr on $63,648 cash to close. Return on cash invested measures 33.39% in year one, and rental yield registers 11.61% at a $192,000 basis. Equity gained on principal adds $1,239/yr, and annual property appreciation at 5% supports $53,046 by year five. Five-year ROI tracks 174.8% and total cumulative return in cash totals $111,256. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,858/mo property income relative to a $940/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1991
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29554, Hemingway, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,213 (100%) |
| Owner Occupied HU | 2,909 (69.0%) |
| Renter Occupied HU | 583 (13.8%) |
| Vacant Housing Units | 721 (17.1%) |
| Median Home Value | $137,612 |
| Average Home Value | $230,920 |
Housing Distribution
Address Breakdown
Residential
3,798
Single Family
3,710
Multi-Family
88
Businesses
278
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Doug Joy • RE/MAX Executive
Mls Name: CCAR
Mls ID: #2519814