116 Southern Magnolia LnLaurensSC29360
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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 Laurens at 116 Southern Magnolia Ln, Laurens, SC, 29360 offers $2,039/mo rent that, after a $1,317/mo payment, leaves $437/mo cash flow. Total monthly income is $2,039/mo, and annual cash flow is $5,248/yr on $89,170 cash. Return on cash invested measures 25.79% in year one, and rental yield stands at 9.1% at a $268,990 entry. Equity gained on principal adds $1,736/yr while 5% annual appreciation compounds into $74,317 by year five. Five-year ROI records 134.13% and total cumulative return in cash reaches $119,600. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,039/mo property income versus a $1,317/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29360, Laurens, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,872 (100%) |
| Owner Occupied HU | 5,955 (60.3%) |
| Renter Occupied HU | 2,803 (28.4%) |
| Vacant Housing Units | 1,114 (11.3%) |
| Median Home Value | $202,160 |
| Average Home Value | $228,123 |
Housing Distribution
Address Breakdown
Residential
9,097
Single Family
8,641
Multi-Family
456
Businesses
797
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Listed by: Justin Marc Ford • McGuinn Homes
Mls Name: Greater Greenville AOR
Mls Provider:
Mls ID: #1547140
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.