89 Memory Ln.AndrewsSC29510
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 Andrews at 89 Memory Ln, Andrews, SC, 29510 priced at $120,000 pairs $2,150/mo rent with $1,436/mo cash flow after a $587/mo payment. Total monthly income equals $2,150/mo, and annual cash flow comes to $17,232/yr on $39,780 invested. Return on cash invested is 63.23% in year one, and rental yield stands at 21.5% on a $120,000 basis. Equity gained on principal adds $774/yr, and 5% annual appreciation accumulates to $33,154 by year five. Five-year ROI measures 334.8% and total cumulative return in cash reaches $133,183. For financing, Ziffy Mortgage’s DSCR program evaluates $2,150/mo property income against a $587/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 2005
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29510, Andrews, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,783 (100%) |
| Owner Occupied HU | 3,308 (69.2%) |
| Renter Occupied HU | 919 (19.2%) |
| Vacant Housing Units | 556 (11.6%) |
| Median Home Value | $150,212 |
| Average Home Value | $199,631 |
Housing Distribution
Address Breakdown
Residential
4,328
Single Family
4,152
Multi-Family
176
Businesses
314
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Nearby investment properties with comparable prices
Listed by: Tracy Mccants • Tidewater Properties
Mls Name: CCAR
Mls Provider:
Mls ID: #2400881
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.