712 Wallace Dr. Lot 187- Galen CLittle RiverSC29566
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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 Little River at 712 Wallace Dr. Lot 187- Galen C, Little River, SC, 29566 earns $364/mo cash flow from $2,760/mo rent with a $1,892/mo payment. Total monthly income totals $2,760/mo, and annual cash flow totals $4,367/yr on $128,138 capital. ROI tracks 23.32% on current figures, and rental yield reads 8.57% at a $386,540 purchase. Equity gained on principal adds $2,494/yr, and 5% annual appreciation supports $106,794 over five years. Five-year ROI reaches 121.13% and total cumulative return in cash sums $155,210. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,760/mo property income instead of your personal income.
Single Family
Built in 2024
0.26 Acres lot
$N/A/sqft
$95 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29566, Little River, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,103 (100%) |
| Owner Occupied HU | 9,694 (60.2%) |
| Renter Occupied HU | 2,653 (16.5%) |
| Vacant Housing Units | 3,756 (23.3%) |
| Median Home Value | $350,665 |
| Average Home Value | $380,911 |
Housing Distribution
Address Breakdown
Residential
15,972
Single Family
13,650
Multi-Family
2,322
Businesses
745
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Listed by: Nicholas Maney • DR Horton
Mls Name: CCAR
Mls Provider:
Mls ID: #2423803
Disclaimer: Provided courtesy of the Coastal Carolinas MLS. Copyright 2024 of the Coastal Carolinas MLS. All rights reserved. Information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Coastal Carolinas MLS.