116 Wren LnPickensSC29671
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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 Pickens at 116 Wren Ln, Pickens, SC, 29671 offers $2,222/mo rent that, after a $1,378/mo payment, leaves $546/mo cash flow. Total monthly income is $2,222/mo, and annual cash flow is $6,553/yr on $93,317 cash. Return on cash invested measures 26.93% in year one, and rental yield stands at 9.47% at a $281,500 entry. Equity gained on principal adds $1,816/yr while 5% annual appreciation compounds into $77,773 by year five. Five-year ROI records 140.24% and total cumulative return in cash reaches $130,872. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,222/mo property income versus a $1,378/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1992
1.79 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29671, Pickens, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,804 (100%) |
| Owner Occupied HU | 6,427 (73.0%) |
| Renter Occupied HU | 1,403 (15.9%) |
| Vacant Housing Units | 974 (11.1%) |
| Median Home Value | $240,850 |
| Average Home Value | $280,779 |
Housing Distribution
Address Breakdown
Residential
8,188
Single Family
8,185
Multi-Family
3
Businesses
594
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Listed by: Cliff Powell • Powell Real Estate
Mls Name: WUMLS
Mls ID: #20295009