1080 Spivey Creek RdLandrumSC29356
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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 Landrum at 1080 Spivey Creek Rd, Landrum, SC, 29356 uses $140,888 cash to close to unlock $3,555/yr annual cash flow and $296/mo monthly cash flow. Total monthly income runs $2,826/mo, and a $2,080/mo payment keeps the spread at $296/mo. Purchase price stands at $425,000, and rental yield measures 7.98% with $2,826/mo rent. Return on cash invested shows 22.43% in year one, and 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 116.08% and total cumulative return in cash records $163,541. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,826/mo property income covering a $2,080/mo payment rather than investor’s personal income.
Single Family
Built in 2020
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29356, Landrum, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,752 (100%) |
| Owner Occupied HU | 3,521 (74.1%) |
| Renter Occupied HU | 557 (11.7%) |
| Vacant Housing Units | 674 (14.2%) |
| Median Home Value | $407,564 |
| Average Home Value | $511,720 |
Housing Distribution
Address Breakdown
Residential
4,424
Single Family
4,011
Multi-Family
413
Businesses
374
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Listed by: Leslie Horne • LESLIE HORNE & ASSOCIATES
Mls Name: SAR
Mls ID: #331221