7018 Cox Lake RdMullinsSC29574
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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 Mullins at 7018 Cox Lake Rd, Mullins, SC, 29574 generates $3,277/mo in rent, after a $3,377/mo payment. Total monthly income is $3,277/mo. Return on cash invested sits at 15.67% in year one, and rental yield is 5.7% on a $689,900 entry. Equity gained on principal adds $4,452/yr, while 5% annual appreciation builds toward $190,607 over five years. Five-year ROI reaches 79.76% and total cumulative return in cash sums $181,045. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,277/mo property income rather than buyer’s personal income.
Single Family
Built in 2018
1.05 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29574, Mullins, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,064 (100%) |
| Owner Occupied HU | 3,001 (59.3%) |
| Renter Occupied HU | 1,258 (24.8%) |
| Vacant Housing Units | 805 (15.9%) |
| Median Home Value | $97,483 |
| Average Home Value | $139,026 |
Housing Distribution
Address Breakdown
Residential
4,732
Single Family
4,709
Multi-Family
23
Businesses
428
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Listed by: Betsy Hyman • Diamond Shores Realty
Mls Name: Pee Dee Realtor Association
Mls Provider:
Mls ID: #20243726
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.