113 Heather LnMauldinSC29662
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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 Mauldin at 113 Heather Ln, Mauldin, SC, 29662 priced at $299,900 converts $2,269/mo rent into $484/mo cash flow after a $1,468/mo obligation. Total monthly income equals $2,269/mo, and annual cash flow totals $5,803/yr on $99,417 invested. Return on cash invested prints 25.75% in year one, and rental yield reads 9.08% against a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation compiles into $82,857 by year five. Five-year ROI reaches 133.85% and total cumulative return in cash sums $133,072. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,269/mo property income covering a $1,468/mo payment, not borrower’s personal income.
Single Family
Built in 1983
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29662, Mauldin, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,928 (100%) |
| Owner Occupied HU | 4,109 (59.3%) |
| Renter Occupied HU | 2,419 (34.9%) |
| Vacant Housing Units | 400 ( 5.8%) |
| Median Home Value | $275,310 |
| Average Home Value | $318,558 |
Housing Distribution
Address Breakdown
Residential
7,058
Single Family
5,612
Multi-Family
1,446
Businesses
774
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Listed by: Mackenzie Turner • Weichert Realtors - Shaun & Shari Group
Mls Name: WUMLS
Mls ID: #20296194