Covington II Plan, Six OaksSummervilleSC29483
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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 Summerville at Covington II Plan, Six Oaks, Summerville, SC, 29483 at $368,000 posts ROI 26.56% with $677/mo cash flow from $2,867/mo rent. Total monthly income equals $2,867/mo, and annual cash flow records $8,118/yr on $121,992 to close. Return on cash invested measures 26.56% and rental yield reads 9.35% at the current $368,000. Equity gained on principal adds $2,375/yr, and 5% annual appreciation supports $101,672 by year five. Five-year ROI prints 138.23% and total cumulative return in cash totals $168,625.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,867/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29483, Summerville, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,167 (100%) |
| Owner Occupied HU | 17,077 (70.7%) |
| Renter Occupied HU | 5,575 (23.1%) |
| Vacant Housing Units | 1,515 ( 6.3%) |
| Median Home Value | $357,966 |
| Average Home Value | $397,078 |
Housing Distribution
Address Breakdown
Residential
24,771
Single Family
22,687
Multi-Family
2,084
Businesses
1,480
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Listed by: Brian Mullinax • Mungo Homes
Mls Name: Mungo Homes, Inc
Mls Provider:
Mls ID: #N/A