894 7th St WFairfaxSC29827
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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 Fairfax at 894 7th St W, Fairfax, SC, 29827 uses $62,985 cash to close to unlock $3,647/yr annual cash flow and $304/mo monthly cash flow. Total monthly income runs $1,435/mo, and a $930/mo payment keeps the spread at $304/mo. Purchase price stands at $190,000, and rental yield measures 9.06% with $1,435/mo rent. Return on cash invested shows 25.7% in year one, and 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 133.58% and total cumulative return in cash records $84,132. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,435/mo property income covering a $930/mo payment rather than investor’s personal income.
Single Family
Built in 1910
2.31 Acres 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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Listed by: N/A • EXP Realty LLC
Mls Name: CTMLS
Mls ID: #25028419