962 Songbird StLancasterSC29720
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
Investment property for sale in Lancaster at 962 Songbird St, Lancaster, SC, 29720 at $215,000 posts ROI 31.87% with $710/mo cash flow from $1,990/mo rent. Total monthly income equals $1,990/mo, and annual cash flow records $8,526/yr on $71,273 to close. Return on cash invested measures 31.87% and rental yield reads 11.11% at the current $215,000. Equity gained on principal adds $1,387/yr, and 5% annual appreciation supports $59,401 by year five. Five-year ROI prints 166.72% and total cumulative return in cash totals $118,825.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,990/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1948
2.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29720, Lancaster, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,458 (100%) |
| Owner Occupied HU | 17,867 (73.1%) |
| Renter Occupied HU | 4,998 (20.4%) |
| Vacant Housing Units | 1,593 ( 6.5%) |
| Median Home Value | $289,078 |
| Average Home Value | $332,866 |
Housing Distribution
Address Breakdown
Residential
23,661
Single Family
23,219
Multi-Family
442
Businesses
1,184
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Amanda Carter • Southern Properties Realty
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #594557
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC