833 Mandan DrElginSC29045
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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
Rental property for sale in Elgin at 833 Mandan Dr, Elgin, SC, 29045 priced at $435,000 pairs $3,554/mo rent with $913/mo cash flow after a $2,129/mo payment. Total monthly income equals $3,554/mo, and annual cash flow comes to $10,961/yr on $144,203 invested. Return on cash invested is 27.51% in year one, and rental yield stands at 9.8% on a $435,000 basis. Equity gained on principal adds $2,807/yr, and 5% annual appreciation accumulates to $120,182 by year five. Five-year ROI measures 143.45% and total cumulative return in cash reaches $206,856. For financing, Ziffy Mortgage’s DSCR program evaluates $3,554/mo property income against a $2,129/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2023
6,969 sqft lot
$N/A/sqft
$615 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29045, Elgin, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,039 (100%) |
| Owner Occupied HU | 9,414 (78.2%) |
| Renter Occupied HU | 1,752 (14.6%) |
| Vacant Housing Units | 873 ( 7.3%) |
| Median Home Value | $279,894 |
| Average Home Value | $321,774 |
Housing Distribution
Address Breakdown
Residential
13,024
Single Family
12,229
Multi-Family
795
Businesses
415
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Listed by: Melissa Sprouse • South Carolina Realty
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #598600
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC