115 Cove View CtSenecaSC29678
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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 Seneca at 115 Cove View Ct, Seneca, SC, 29678 uses $96,102 cash to close to unlock $6,602/yr annual cash flow and $550/mo monthly cash flow. Total monthly income runs $2,276/mo, and a $1,419/mo payment keeps the spread at $550/mo. Purchase price stands at $289,900, and rental yield measures 9.42% with $2,276/mo rent. Return on cash invested shows 26.78% in year one, and 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 139.41% and total cumulative return in cash records $133,977. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,276/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Single Family
Built in 2008
0.61 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29678, Seneca, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,419 (100%) |
| Owner Occupied HU | 7,101 (57.2%) |
| Renter Occupied HU | 3,583 (28.9%) |
| Vacant Housing Units | 1,735 (14.0%) |
| Median Home Value | $232,752 |
| Average Home Value | $286,035 |
Housing Distribution
Address Breakdown
Residential
11,044
Single Family
10,190
Multi-Family
854
Businesses
842
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Listed by: Clay Vassey • Real Local/Real Broker, LLC
Mls Name: WUMLS
Mls ID: #20283542