0 Old Landfill RdIvaSC29655
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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 Iva at 0 Old Landfill Rd, Iva, SC, 29655 priced at $255,000 converts $1,188/mo rent into after a $1,248/mo obligation. Total monthly income equals $1,188/mo. Return on cash invested prints 15.23% in year one, and rental yield reads 5.59% against a $255,000 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation compiles into $70,452 by year five. Five-year ROI reaches 77.48% and total cumulative return in cash sums $65,492. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,188/mo property income covering a $1,248/mo payment, not borrower’s personal income.
Single Family
Built in N/A
41.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29655, Iva, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,828 (100%) |
| Owner Occupied HU | 2,672 (69.8%) |
| Renter Occupied HU | 545 (14.2%) |
| Vacant Housing Units | 611 (16.0%) |
| Median Home Value | $245,907 |
| Average Home Value | $344,771 |
Housing Distribution
Address Breakdown
Residential
3,111
Single Family
3,091
Multi-Family
20
Businesses
116
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Listed by: Knox Duncan • Reedy Property Group
Mls Name: My State MLS
Mls ID: #11534541