122 Purdy RdIvaSC29655
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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 Iva at 122 Purdy Rd, Iva, SC, 29655 generates $1,693/mo in rent and, after a $1,317/mo payment, leaves $91/mo in cash flow. Total monthly income is $1,693/mo, and annual cash flow is $1,096/yr on $89,174 invested. Return on cash invested sits at 21.14% in year one, and rental yield is 7.55% on a $269,000 entry. Equity gained on principal adds $1,736/yr, while 5% annual appreciation builds toward $74,320 over five years. Five-year ROI reaches 109.16% and total cumulative return in cash sums $97,343. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,693/mo property income rather than buyer’s personal income.
Manufactured
Built in 2024
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29655, Iva, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,828 (100%) |
| Owner Occupied HU | 2,672 (69.8%) |
| Renter Occupied HU | 545 (14.2%) |
| Vacant Housing Units | 611 (16.0%) |
| Median Home Value | $245,907 |
| Average Home Value | $344,771 |
Housing Distribution
Address Breakdown
Residential
3,111
Single Family
3,091
Multi-Family
20
Businesses
116
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Listed by: Stephanie Burton • Coldwell Banker Realty
Mls Name: Greater Greenville AOR
Mls Provider:
Mls ID: #1535954
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.