116 Honda StInmanSC29349
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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 Inman at 116 Honda St, Inman, SC, 29349 generates $2,610/mo in rent and, after a $2,089/mo payment, leaves $69/mo in cash flow. Total monthly income is $2,610/mo, and annual cash flow is $830/yr on $141,517 invested. Return on cash invested sits at 20.5% in year one, and rental yield is 7.34% on a $426,900 entry. Equity gained on principal adds $2,755/yr, while 5% annual appreciation builds toward $117,945 over five years. Five-year ROI reaches 105.7% and total cumulative return in cash sums $149,581. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,610/mo property income rather than buyer’s personal income.
Multi Family
Built in 2023
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29349, Inman, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,711 (100%) |
| Owner Occupied HU | 12,425 (79.1%) |
| Renter Occupied HU | 2,262 (14.4%) |
| Vacant Housing Units | 1,024 ( 6.5%) |
| Median Home Value | $281,759 |
| Average Home Value | $325,145 |
Housing Distribution
Address Breakdown
Residential
15,968
Single Family
15,967
Multi-Family
1
Businesses
714
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Listed by: Marina Bodem • Keller Williams Realty
Mls Name: SAR
Mls Provider:
Mls ID: #321589
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.