705 Milton RdJoannaSC29351
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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 Joanna at 705 Milton Rd, Joanna, SC, 29351 uses $34,808 cash to close to unlock $2,123/yr annual cash flow and $177/mo monthly cash flow. Total monthly income runs $802/mo, and a $514/mo payment keeps the spread at $177/mo. Purchase price stands at $105,000, and rental yield measures 9.17% with $802/mo rent. Return on cash invested shows 26.01% in year one, and 5% annual appreciation builds toward $29,010 over five years. Five-year ROI reaches 135.22% and total cumulative return in cash records $47,066. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $802/mo property income covering a $514/mo payment rather than investor’s personal income.
Single Family
Built in 1970
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29351, Joanna, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 785 (100%) |
| Owner Occupied HU | 509 (64.8%) |
| Renter Occupied HU | 157 (20.0%) |
| Vacant Housing Units | 119 (15.2%) |
| Median Home Value | $154,167 |
| Average Home Value | $220,157 |
Housing Distribution
Address Breakdown
Residential
639
Single Family
639
Multi-Family
0
Businesses
43
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Listed by: Luke Poston • Century 21 Vanguard
Mls Name: Consolidated MLS
Mls ID: #622381