109 Lynn AveLaurensSC29360
Nearby investment properties with comparable rents
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
Rental property for sale in Laurens at 109 Lynn Ave, Laurens, SC, 29360 priced at $320,000 converts $2,302/mo rent into $397/mo cash flow after a $1,566/mo obligation. Total monthly income equals $2,302/mo, and annual cash flow totals $4,768/yr on $106,080 invested. Return on cash invested prints 24.4% in year one, and rental yield reads 8.63% against a $320,000 entry. Equity gained on principal adds $2,065/yr, while 5% annual appreciation compiles into $88,410 by year five. Five-year ROI reaches 126.67% and total cumulative return in cash sums $134,367. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,302/mo property income covering a $1,566/mo payment, not borrower’s personal income.
Single Family
Built in 2023
0.49 Acres 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: Sonia Torres-Bonet • Bluefield Realty Group
Mls Name: Greater Greenville AOR
Mls ID: #1578882