1015-1017 Franks Ln.ConwaySC29526
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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 Conway at 1015-1017 Franks Ln, Conway, SC, 29526 generates $1,733/mo in rent, after a $1,811/mo payment. Total monthly income is $1,733/mo. Return on cash invested sits at 15.31% in year one, and rental yield is 5.62% on a $370,000 entry. Equity gained on principal adds $2,388/yr, while 5% annual appreciation builds toward $102,224 over five years. Five-year ROI reaches 77.91% and total cumulative return in cash sums $95,561. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,733/mo property income rather than buyer’s personal income.
Multi Family
Built in 1975
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29526, Conway, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,975 (100%) |
| Owner Occupied HU | 16,613 (69.3%) |
| Renter Occupied HU | 5,011 (20.9%) |
| Vacant Housing Units | 2,351 ( 9.8%) |
| Median Home Value | $318,937 |
| Average Home Value | $348,248 |
Housing Distribution
Address Breakdown
Residential
24,213
Single Family
22,666
Multi-Family
1,547
Businesses
1,658
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Listed by: Coastal Carolina Group • INNOVATE Real Estate
Mls Name: CCAR
Mls ID: #2529614