704 Edgewood DrCherawSC29520
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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 Cheraw at 704 Edgewood Dr, Cheraw, SC, 29520 with 5% annual appreciation on a $375,999 basis while $2,370/mo rent supports operations. Total monthly income totals $2,370/mo and a $1,840/mo payment preserves $132/mo for cash returns. Annual cash flow comes to $1,585/yr on $124,644 deployed, and return on cash invested reaches 21.18% in year one. Equity gained on principal adds $2,426/yr, and five-year appreciation sums $103,882 alongside rental yield of 7.56%. Five-year ROI measures 109.39% and total cumulative return in cash totals $136,348.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,370/mo property income versus a $1,840/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2001
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29520, Cheraw, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,308 (100%) |
| Owner Occupied HU | 3,863 (61.2%) |
| Renter Occupied HU | 1,490 (23.6%) |
| Vacant Housing Units | 955 (15.1%) |
| Median Home Value | $144,354 |
| Average Home Value | $176,859 |
Housing Distribution
Address Breakdown
Residential
5,865
Single Family
5,848
Multi-Family
17
Businesses
584
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Listed by: Allison Becker • Palmetto Realty Chesterfield Sc, Llc
Mls Name: Pee Dee Realtor Association
Mls ID: #20252997