1060 Fairway Ln. #1060ConwaySC29526
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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 Conway at 1060 Fairway Ln. #1060, Conway, SC, 29526 uses $73,858 cash to close to unlock $2,714/yr annual cash flow and $226/mo monthly cash flow. Total monthly income runs $1,552/mo, and a $1,090/mo payment keeps the spread at $226/mo. Purchase price stands at $222,800, and rental yield measures 8.36% with $1,552/mo rent. Return on cash invested shows 23.58% in year one, and 5% annual appreciation builds toward $61,556 over five years. Five-year ROI reaches 122.3% and total cumulative return in cash records $90,326. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,552/mo property income covering a $1,090/mo payment rather than investor’s personal income.
Townhouse
Built in 2007
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: Seth June Team • S.H. June & Associates, LLC
Mls Name: CCAR
Mls ID: #2518765