118 Heavens WayEasleySC29640
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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 Easley at 118 Heavens Way, Easley, SC, 29640 uses $78,731 cash to close to unlock $1,628/yr annual cash flow and $136/mo monthly cash flow. Total monthly income runs $1,549/mo, and a $1,162/mo payment keeps the spread at $136/mo. Purchase price stands at $237,500, and rental yield measures 7.83% with $1,549/mo rent. Return on cash invested shows 21.98% in year one, and 5% annual appreciation builds toward $65,617 over five years. Five-year ROI reaches 113.62% and total cumulative return in cash records $89,457. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,549/mo property income covering a $1,162/mo payment rather than investor’s personal income.
Single Family
Built in 1971
1.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29640, Easley, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,586 (100%) |
| Owner Occupied HU | 10,466 (67.2%) |
| Renter Occupied HU | 3,897 (25.0%) |
| Vacant Housing Units | 1,223 ( 7.8%) |
| Median Home Value | $251,960 |
| Average Home Value | $291,439 |
Housing Distribution
Address Breakdown
Residential
14,545
Single Family
14,205
Multi-Family
340
Businesses
1,049
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Listed by: Trenton Yoder • Clardy Real Estate
Mls Name: WUMLS
Mls ID: #20293740