1038 Palm Dr.ConwaySC29526
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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 Conway at 1038 Palm Dr, Conway, SC, 29526 with 5% annual appreciation on a $114,500 basis while $868/mo rent supports operations. Total monthly income totals $868/mo and a $560/mo payment preserves $187/mo for cash returns. Annual cash flow comes to $2,242/yr on $37,957 deployed, and return on cash invested reaches 25.82% in year one. Equity gained on principal adds $739/yr, and five-year appreciation sums $31,634 alongside rental yield of 9.1%. Five-year ROI measures 134.2% and total cumulative return in cash totals $50,936.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $868/mo property income versus a $560/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 2000
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: The Mills Group Team • Century 21 Barefoot Realty
Mls Name: CCAR
Mls ID: #2600340