Lot 142 Millbank Rd.GeorgetownSC29440
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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
Rental property for sale in Georgetown at Lot 142 Millbank Rd, Georgetown, SC, 29440 offers $2,400/mo rent that, after a $3,344/mo payment. Total monthly income is $2,400/mo. Return on cash invested measures 11.16% in year one, and rental yield stands at 4.22% at a $683,151 entry. Equity gained on principal adds $4,408/yr while 5% annual appreciation compounds into $188,742 by year five. Five-year ROI records 55.57% and total cumulative return in cash reaches $124,902. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,400/mo property income versus a $3,344/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2026
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29440, Georgetown, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,040 (100%) |
| Owner Occupied HU | 9,010 (64.2%) |
| Renter Occupied HU | 2,616 (18.6%) |
| Vacant Housing Units | 2,414 (17.2%) |
| Median Home Value | $215,863 |
| Average Home Value | $349,134 |
Housing Distribution
Address Breakdown
Residential
13,152
Single Family
12,984
Multi-Family
168
Businesses
906
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Listed by: Lisa M Newman • BHHS Coastal Real Estate
Mls Name: CCAR
Mls ID: #2525064