116 Mellyn StPiedmontSC29673
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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 Piedmont at 116 Mellyn St, Piedmont, SC, 29673 with 5% annual appreciation on a $350,000 basis while $2,168/mo rent supports operations. Total monthly income totals $2,168/mo and a $1,713/mo payment preserves $85/mo for cash returns. Annual cash flow comes to $1,015/yr on $116,025 deployed, and return on cash invested reaches 20.78% in year one. Equity gained on principal adds $2,258/yr, and five-year appreciation sums $96,699 alongside rental yield of 7.43%. Five-year ROI measures 107.23% and total cumulative return in cash totals $124,418.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,168/mo property income versus a $1,713/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
1.09 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29673, Piedmont, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,431 (100%) |
| Owner Occupied HU | 9,512 (70.8%) |
| Renter Occupied HU | 3,101 (23.1%) |
| Vacant Housing Units | 818 ( 6.1%) |
| Median Home Value | $277,568 |
| Average Home Value | $332,050 |
Housing Distribution
Address Breakdown
Residential
13,462
Single Family
12,786
Multi-Family
676
Businesses
994
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Listed by: Will Sawyer • Keller Williams Grv Upst
Mls Name: Greater Greenville AOR
Mls ID: #1572472