101 Spring Cove WaySix MileSC29682
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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 Six Mile at 101 Spring Cove Way, Six Mile, SC, 29682 offers $5,220/mo rent that, after a $6,608/mo payment. Total monthly income is $5,220/mo. Return on cash invested measures 12.64% in year one, and rental yield stands at 4.64% at a $1,350,000 entry. Equity gained on principal adds $8,711/yr while 5% annual appreciation compounds into $372,980 by year five. Five-year ROI records 63.47% and total cumulative return in cash reaches $277,601. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,220/mo property income versus a $6,608/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29682, Six Mile, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,328 (100%) |
| Owner Occupied HU | 1,704 (73.2%) |
| Renter Occupied HU | 206 ( 8.8%) |
| Vacant Housing Units | 418 (18.0%) |
| Median Home Value | $311,228 |
| Average Home Value | $459,384 |
Housing Distribution
Address Breakdown
Residential
1,852
Single Family
1,834
Multi-Family
18
Businesses
92
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Nearby investment properties with comparable prices
Listed by: Bradlee Moon • Cliffs Realty Sales SC, LLC (19041)
Mls Name: WUMLS
Mls Provider:
Mls ID: #20278931
Disclaimer: The data relating to real estate for sale on this Web site comes in part from the Broker Reciprocity Program of the Western Upstate Association of REALTORS, Inc. and the Western Upstate Multiple Listing Service, Inc This information is deemed reliable, but not guaranteed. Neither, the Western Upstate Association of REALTORS, Inc. or Western Upstate Multiple Listing Service of South Carolina, Inc., nor the listing broker, nor their agents or subagents are responsible for the accuracy of the information. The buyer is responsible for verifying all information. This information is provided by the Western Upstate Association of REALTORS, Inc. and Western Upstate Multiple Listing Service of South Carolina, Inc. for use by its members and is not intended for the use for any other purpose.