770 Sumter Ave NFairfaxSC29827
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
Rental property for sale in Fairfax at 770 Sumter Ave N, Fairfax, SC, 29827 offers $1,188/mo rent that, after a $857/mo payment, leaves $146/mo cash flow. Total monthly income is $1,188/mo, and annual cash flow is $1,750/yr on $58,013 cash. Return on cash invested measures 22.92% in year one, and rental yield stands at 8.15% at a $175,000 entry. Equity gained on principal adds $1,129/yr while 5% annual appreciation compounds into $48,349 by year five. Five-year ROI records 118.72% and total cumulative return in cash reaches $68,875. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,188/mo property income versus a $857/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
7,744 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29827, Fairfax, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,497 (100%) |
| Owner Occupied HU | 828 (55.3%) |
| Renter Occupied HU | 379 (25.3%) |
| Vacant Housing Units | 290 (19.4%) |
| Median Home Value | $81,973 |
| Average Home Value | $105,447 |
Housing Distribution
Address Breakdown
Residential
950
Single Family
950
Multi-Family
0
Businesses
98
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Nearby investment properties with comparable prices
Listed by: Yessica Fortes • EXP Realty, LLC
Mls Name: REsides, Inc.
Mls Provider:
Mls ID: #441540
Disclaimer: We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. It may be subject to transcription and transmission errors. Accordingly, the data is provided on an as is as available basis only and may not reflect all real estate activity in the market. 2024 REsides, Inc. All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, REsides, Inc.