1008 Meehan WayPendletonSC29670
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 Pendleton at 1008 Meehan Way, Pendleton, SC, 29670 uses $99,284 cash to close to unlock $4,572/yr annual cash flow and $381/mo monthly cash flow. Total monthly income runs $2,164/mo, and a $1,466/mo payment keeps the spread at $381/mo. Purchase price stands at $299,500, and rental yield measures 8.67% with $2,164/mo rent. Return on cash invested shows 24.51% in year one, and 5% annual appreciation builds toward $82,746 over five years. Five-year ROI reaches 127.27% and total cumulative return in cash records $126,359. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,164/mo property income covering a $1,466/mo payment rather than investor’s personal income.
Single Family
Built in 2007
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29670, Pendleton, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,063 (100%) |
| Owner Occupied HU | 3,460 (68.3%) |
| Renter Occupied HU | 1,150 (22.7%) |
| Vacant Housing Units | 453 ( 8.9%) |
| Median Home Value | $280,376 |
| Average Home Value | $349,440 |
Housing Distribution
Address Breakdown
Residential
4,747
Single Family
4,592
Multi-Family
155
Businesses
356
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Nearby investment properties with comparable prices
Listed by: Bill Dunlap • Dunlap Team Real Estate
Mls Name: WUMLS
Mls ID: #20290662