1129 Black Lake WayConwaySC29527
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 Conway at 1129 Black Lake Way, Conway, SC, 29527 priced at $301,465 pairs $2,730/mo rent with $866/mo cash flow after a $1,476/mo payment. Total monthly income equals $2,730/mo, and annual cash flow comes to $10,391/yr on $99,936 invested. Return on cash invested is 30.31% in year one, and rental yield stands at 10.87% on a $301,465 basis. Equity gained on principal adds $1,945/yr, and 5% annual appreciation accumulates to $83,289 by year five. Five-year ROI measures 158.59% and total cumulative return in cash reaches $158,488. For financing, Ziffy Mortgage’s DSCR program evaluates $2,730/mo property income against a $1,476/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2025
6,969 sqft lot
$N/A/sqft
$69 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29527, Conway, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,782 (100%) |
| Owner Occupied HU | 8,996 (70.4%) |
| Renter Occupied HU | 2,647 (20.7%) |
| Vacant Housing Units | 1,139 ( 8.9%) |
| Median Home Value | $235,631 |
| Average Home Value | $273,352 |
Housing Distribution
Address Breakdown
Residential
12,404
Single Family
12,098
Multi-Family
306
Businesses
247
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Nearby investment properties with comparable prices
Listed by: Nicholas Maney • DR Horton
Mls Name: CCAR
Mls Provider:
Mls ID: #2501635
Disclaimer: Provided courtesy of the Coastal Carolinas MLS. Copyright 2025 of the Coastal Carolinas MLS. All rights reserved. Information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Coastal Carolinas MLS.