7050 Chrysanthemum RdLancasterSC29720
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 Lancaster at 7050 Chrysanthemum Rd, Lancaster, SC, 29720 uses $162,435 cash to close to unlock $3,245/yr annual cash flow and $270/mo monthly cash flow. Total monthly income runs $3,187/mo, and a $2,398/mo payment keeps the spread at $270/mo. Purchase price stands at $490,000, and rental yield measures 7.8% with $3,187/mo rent. Return on cash invested shows 21.91% in year one, and 5% annual appreciation builds toward $135,378 over five years. Five-year ROI reaches 113.25% and total cumulative return in cash records $183,960. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,187/mo property income covering a $2,398/mo payment rather than investor’s personal income.
Single Family
Built in 2018
0.15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29720, Lancaster, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,458 (100%) |
| Owner Occupied HU | 17,867 (73.1%) |
| Renter Occupied HU | 4,998 (20.4%) |
| Vacant Housing Units | 1,593 ( 6.5%) |
| Median Home Value | $289,078 |
| Average Home Value | $332,866 |
Housing Distribution
Address Breakdown
Residential
23,661
Single Family
23,219
Multi-Family
442
Businesses
1,184
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Carissa Sanchez • ERA Live Moore
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4316557