Iris Plan, BasildonLancasterSC29720
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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 Lancaster at Iris Plan, Basildon, Lancaster, SC, 29720 offers a 9.52% rental yield on a $277,990 purchase with $2,205/mo rent. Total monthly income registers $2,205/mo, and a $1,361/mo payment leaves $550/mo available for distribution. Annual cash flow reaches $6,597/yr on $92,154 to close, and return on cash invested stands at 27.07% in year one. Equity gained on principal adds $1,794/yr while 5% annual appreciation supports $76,804 over five years. Portfolio math shows five-year ROI at 140.92% and total cumulative return in cash at $129,866. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,205/mo property income against a $1,361/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
N/A 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
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Listed by: N/A • Ryan Homes
Mls Name: Ryan Homes
Mls Provider:
Mls ID: #N/A