7187 N Highway 501LattaSC29565
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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 Latta at 7187 N Highway 501, Latta, SC, 29565 uses $89,472 cash to close to unlock $616/yr annual cash flow and $51/mo monthly cash flow. Total monthly income runs $1,658/mo, and a $1,321/mo payment keeps the spread at $51/mo. Purchase price stands at $269,900, and rental yield measures 7.37% with $1,658/mo rent. Return on cash invested shows 20.6% in year one, and 5% annual appreciation builds toward $74,568 over five years. Five-year ROI reaches 106.26% and total cumulative return in cash records $95,070. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,658/mo property income covering a $1,321/mo payment rather than investor’s personal income.
Single Family
Built in 1960
1.87 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29565, Latta, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,936 (100%) |
| Owner Occupied HU | 1,942 (66.1%) |
| Renter Occupied HU | 615 (20.9%) |
| Vacant Housing Units | 379 (12.9%) |
| Median Home Value | $107,826 |
| Average Home Value | $147,826 |
Housing Distribution
Address Breakdown
Residential
2,737
Single Family
2,677
Multi-Family
60
Businesses
163
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Listed by: John D Martin • Carolina Realty And Associates
Mls Name: Pee Dee Realtor Association
Mls ID: #20253396