108 Irby AveLaurensSC29360
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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 Laurens at 108 Irby Ave, Laurens, SC, 29360 uses $82,842 cash to close to unlock $2,550/yr annual cash flow and $213/mo monthly cash flow. Total monthly income runs $1,700/mo, and a $1,223/mo payment keeps the spread at $213/mo. Purchase price stands at $249,900, and rental yield measures 8.16% with $1,700/mo rent. Return on cash invested shows 22.99% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 119.06% and total cumulative return in cash records $98,630. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,700/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Single Family
Built in N/A
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29360, Laurens, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,872 (100%) |
| Owner Occupied HU | 5,955 (60.3%) |
| Renter Occupied HU | 2,803 (28.4%) |
| Vacant Housing Units | 1,114 (11.3%) |
| Median Home Value | $202,160 |
| Average Home Value | $228,123 |
Housing Distribution
Address Breakdown
Residential
9,097
Single Family
8,641
Multi-Family
456
Businesses
797
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Listed by: Melissa Patton • Keller Williams One
Mls Name: Greater Greenville AOR
Mls ID: #1577995