144 Fernwood DrEasleySC29640
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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 Easley at 144 Fernwood Dr, Easley, SC, 29640 priced at $339,900 converts $1,403/mo rent into after a $1,664/mo obligation. Total monthly income equals $1,403/mo. Return on cash invested prints 13.3% in year one, and rental yield reads 4.95% against a $339,900 entry. Equity gained on principal adds $2,193/yr, while 5% annual appreciation compiles into $93,908 by year five. Five-year ROI reaches 67.11% and total cumulative return in cash sums $75,623. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,403/mo property income covering a $1,664/mo payment, not borrower’s personal income.
Single Family
Built in 1989
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: Jessica Clardy Bridges • Clardy Real Estate
Mls Name: WUMLS
Mls ID: #20291238