118 Redbud LnSaludaSC29138
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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 Saluda at 118 Redbud Ln, Saluda, SC, 29138 priced at $313,900 pairs $1,342/mo rent with after a $1,536/mo payment. Total monthly income equals $1,342/mo. Return on cash invested is 13.84% in year one, and rental yield stands at 5.13% on a $313,900 basis. Equity gained on principal adds $2,026/yr, and 5% annual appreciation accumulates to $86,725 by year five. Five-year ROI measures 70% and total cumulative return in cash reaches $72,836. For financing, Ziffy Mortgage’s DSCR program evaluates $1,342/mo property income against a $1,536/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1969
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29138, Saluda, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,560 (100%) |
| Owner Occupied HU | 2,876 (63.1%) |
| Renter Occupied HU | 1,086 (23.8%) |
| Vacant Housing Units | 598 (13.1%) |
| Median Home Value | $117,471 |
| Average Home Value | $186,982 |
Housing Distribution
Address Breakdown
Residential
4,141
Single Family
4,058
Multi-Family
83
Businesses
361
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Listed by: Chris Shealy • Shealy Realty
Mls Name: Consolidated MLS
Mls ID: #612639