1230 Melton Rd LOT 14West UnionSC29696
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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 West Union at 1230 Melton Rd LOT 14, West Union, SC, 29696 uses $89,505 cash to close to unlock $8,163/yr annual cash flow and $680/mo monthly cash flow. Total monthly income runs $2,288/mo, and a $1,322/mo payment keeps the spread at $680/mo. Purchase price stands at $270,000, and rental yield measures 10.17% with $2,288/mo rent. Return on cash invested shows 29.03% in year one, and 5% annual appreciation builds toward $74,596 over five years. Five-year ROI reaches 151.49% and total cumulative return in cash records $135,589. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,288/mo property income covering a $1,322/mo payment rather than investor’s personal income.
Single Family
Built in 1999
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29696, West Union, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,560 (100%) |
| Owner Occupied HU | 1,834 (71.6%) |
| Renter Occupied HU | 289 (11.3%) |
| Vacant Housing Units | 437 (17.1%) |
| Median Home Value | $340,930 |
| Average Home Value | $517,290 |
Housing Distribution
Address Breakdown
Residential
2,144
Single Family
2,086
Multi-Family
58
Businesses
175
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Listed by: Kelly Hanlon • Real Local/Real Broker, LLC
Mls Name: WUMLS
Mls ID: #20294559