119 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
Investment property for sale in Laurens at 119 Southern Magnolia Ln, Laurens, SC, 29360 with 5% annual appreciation on a $232,290 basis while $1,554/mo rent supports operations. Total monthly income totals $1,554/mo and a $1,137/mo payment preserves $171/mo for cash returns. Annual cash flow comes to $2,054/yr on $77,004 deployed, and return on cash invested reaches 22.58% in year one. Equity gained on principal adds $1,499/yr, and five-year appreciation sums $64,177 alongside rental yield of 8.03%. Five-year ROI measures 116.88% and total cumulative return in cash totals $90,006.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,554/mo property income versus a $1,137/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2024
6,969 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: Melinda Roy • McGuinn Homes
Mls Name: Greater Greenville AOR
Mls Provider:
Mls ID: #1539667
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.