103 Orchard WayPiedmontSC29673
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 Piedmont at 103 Orchard Way, Piedmont, SC, 29673 priced at $289,900 converts $2,125/mo rent into $399/mo cash flow after a $1,419/mo obligation. Total monthly income equals $2,125/mo, and annual cash flow totals $4,790/yr on $96,102 invested. Return on cash invested prints 24.89% in year one, and rental yield reads 8.8% against a $289,900 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation compiles into $80,094 by year five. Five-year ROI reaches 129.28% and total cumulative return in cash sums $124,245. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,125/mo property income covering a $1,419/mo payment, not borrower’s personal income.
Single Family
Built in 2006
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29673, Piedmont, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,431 (100%) |
| Owner Occupied HU | 9,512 (70.8%) |
| Renter Occupied HU | 3,101 (23.1%) |
| Vacant Housing Units | 818 ( 6.1%) |
| Median Home Value | $277,568 |
| Average Home Value | $332,050 |
Housing Distribution
Address Breakdown
Residential
13,462
Single Family
12,786
Multi-Family
676
Businesses
994
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Listed by: CELIA MURPHY • Southern Realtor Associates
Mls Name: WUMLS
Mls ID: #20292404