1503 Ward CircleConwaySC29527
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 1503 Ward Circle, Conway, SC, 29527 in Conway at $111,000 earns $849/mo in rent and nets $188/mo after the $499/mo payment, a 9.18% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $30,667 over five years. Ziffy Mortgage underwrites this on a 1.70 DSCR without U.S. credit history. With $1,022/yr in principal paydown, total projected return reaches $54,114.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 7.5% |
| Monthly Cash Flow | $188 | $850 |
City averages based on Conway market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $849 |
| Total Monthly Debt Service | $617 |
| DSCR Ratio | 1.38x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1960
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29527, Conway, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,782 (100%) |
| Owner Occupied HU | 8,996 (70.4%) |
| Renter Occupied HU | 2,647 (20.7%) |
| Vacant Housing Units | 1,139 ( 8.9%) |
| Median Home Value | $235,631 |
| Average Home Value | $273,352 |
Housing Distribution
Address Breakdown
Residential
12,404
Single Family
12,098
Multi-Family
306
Businesses
247
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1960
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29527, Conway, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,782 (100%) |
| Owner Occupied HU | 8,996 (70.4%) |
| Renter Occupied HU | 2,647 (20.7%) |
| Vacant Housing Units | 1,139 ( 8.9%) |
| Median Home Value | $235,631 |
| Average Home Value | $273,352 |
Housing Distribution
Address Breakdown
Residential
12,404
Single Family
12,098
Multi-Family
306
Businesses
247
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: CCAR
Mls ID: #2604724