116 Drake CirIvaSC29655
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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
Rental property for sale in Iva at 116 Drake Cir, Iva, SC, 29655 priced at $215,000 pairs $1,662/mo rent with $369/mo cash flow after a $1,052/mo payment. Total monthly income equals $1,662/mo, and annual cash flow comes to $4,428/yr on $71,273 invested. Return on cash invested is 26.12% in year one, and rental yield stands at 9.28% on a $215,000 basis. Equity gained on principal adds $1,387/yr, and 5% annual appreciation accumulates to $59,401 by year five. Five-year ROI measures 135.99% and total cumulative return in cash reaches $96,925. For financing, Ziffy Mortgage’s DSCR program evaluates $1,662/mo property income against a $1,052/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
4 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29655, Iva, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,828 (100%) |
| Owner Occupied HU | 2,672 (69.8%) |
| Renter Occupied HU | 545 (14.2%) |
| Vacant Housing Units | 611 (16.0%) |
| Median Home Value | $245,907 |
| Average Home Value | $344,771 |
Housing Distribution
Address Breakdown
Residential
3,111
Single Family
3,091
Multi-Family
20
Businesses
116
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Listed by: Marvin Ward • Town & Country Properties, Inc.
Mls Name: Greater Greenville AOR
Mls Provider:
Mls ID: #1544399
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.