103 Mimosa StCowpensSC29330
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
Rental property for sale in Cowpens at 103 Mimosa St, Cowpens, SC, 29330 offers $1,190/mo rent that, after a $592/mo payment, leaves $470/mo cash flow. Total monthly income is $1,190/mo, and annual cash flow is $5,639/yr on $40,112 cash. Return on cash invested measures 33.97% in year one, and rental yield stands at 11.8% at a $121,000 entry. Equity gained on principal adds $781/yr while 5% annual appreciation compounds into $33,430 by year five. Five-year ROI records 177.94% and total cumulative return in cash reaches $71,373. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,190/mo property income versus a $592/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1951
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29330, Cowpens, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,112 (100%) |
| Owner Occupied HU | 2,952 (71.8%) |
| Renter Occupied HU | 804 (19.6%) |
| Vacant Housing Units | 356 ( 8.7%) |
| Median Home Value | $219,954 |
| Average Home Value | $263,270 |
Housing Distribution
Address Breakdown
Residential
3,563
Single Family
3,491
Multi-Family
72
Businesses
179
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Angela Fleming • RE/MAX REACH
Mls Name: SAR
Mls ID: #331468