106 Morgan AveIvaSC29655
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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
Investment property for sale in Iva at 106 Morgan Ave, Iva, SC, 29655 uses $106,080 cash to close to unlock $4,408/yr annual cash flow and $367/mo monthly cash flow. Total monthly income runs $2,272/mo, and a $1,566/mo payment keeps the spread at $367/mo. Purchase price stands at $320,000, and rental yield measures 8.52% with $2,272/mo rent. Return on cash invested shows 24.06% in year one, and 5% annual appreciation builds toward $88,410 over five years. Five-year ROI reaches 124.84% and total cumulative return in cash records $132,435. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,272/mo property income covering a $1,566/mo payment rather than investor’s personal income.
Single Family
Built in 1958
2.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29655, Iva, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,828 (100%) |
| Owner Occupied HU | 2,672 (69.8%) |
| Renter Occupied HU | 545 (14.2%) |
| Vacant Housing Units | 611 (16.0%) |
| Median Home Value | $245,907 |
| Average Home Value | $344,771 |
Housing Distribution
Address Breakdown
Residential
3,111
Single Family
3,091
Multi-Family
20
Businesses
116
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Listed by: Julia Volpe • Allen Tate - Greenville
Mls Name: WUMLS
Mls ID: #20294982