124 Rice StEasleySC29640
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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 124 Rice St, Easley, SC, 29640 with 5% annual appreciation on a $186,900 basis while $1,462/mo rent supports operations. Total monthly income totals $1,462/mo and a $915/mo payment preserves $349/mo for cash returns. Annual cash flow comes to $4,190/yr on $61,957 deployed, and return on cash invested reaches 26.67% in year one. Equity gained on principal adds $1,206/yr, and five-year appreciation sums $51,637 alongside rental yield of 9.39%. Five-year ROI measures 138.87% and total cumulative return in cash totals $86,039.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,462/mo property income versus a $915/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1928
N/A 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: N/A • N/A
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