641 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 641 Mealing Rd, North Augusta, SC, 29860 at $290,000 posts ROI 28.7% with $704/mo cash flow from $2,430/mo rent. Total monthly income equals $2,430/mo, and annual cash flow records $8,449/yr on $96,135 to close. Return on cash invested measures 28.7% and rental yield reads 10.06% at the current $290,000. Equity gained on principal adds $1,871/yr, and 5% annual appreciation supports $80,122 by year five. Five-year ROI prints 149.69% and total cumulative return in cash totals $143,908.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,430/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1990
N/A 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
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Listed by: Michael J. Woodward • Woodward & Associates
Mls Name: REALTORS of Greater Augusta
Mls Provider:
Mls ID: #545678
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.