88 Texas Black WayElginSC29045
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 Elgin at 88 Texas Black Way, Elgin, SC, 29045 generates $2,537/mo in rent and, after a $1,664/mo payment, leaves $513/mo in cash flow. Total monthly income is $2,537/mo, and annual cash flow is $6,158/yr on $112,707 invested. Return on cash invested sits at 25.37% in year one, and rental yield is 8.95% on a $339,990 entry. Equity gained on principal adds $2,194/yr, while 5% annual appreciation builds toward $93,933 over five years. Five-year ROI reaches 131.87% and total cumulative return in cash sums $148,623. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,537/mo property income rather than buyer’s personal income.
Single Family
Built in 2020
8,276 sqft lot
$N/A/sqft
No 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: Lisa Hall • JPAR Magnolia Group
Mls Name: Consolidated MLS
Mls ID: #612801