16 Pipe Line LnClevelandSC29635
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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 Cleveland at 16 Pipe Line Ln, Cleveland, SC, 29635 offers a 4.16% rental yield on a $450,000 purchase with $1,559/mo rent. 9% in year one. Equity gained on principal adds $2,904/yr while 5% annual appreciation supports $124,327 over five years. Portfolio math shows five-year ROI at 54.21% and total cumulative return in cash at $80,862. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,559/mo property income against a $2,203/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29635, Cleveland, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,046 (100%) |
| Owner Occupied HU | 606 (57.9%) |
| Renter Occupied HU | 74 ( 7.1%) |
| Vacant Housing Units | 366 (35.0%) |
| Median Home Value | $250,000 |
| Average Home Value | $291,316 |
Housing Distribution
Address Breakdown
Residential
726
Single Family
726
Multi-Family
0
Businesses
22
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Listed by: John Neil • Allen Tate Co. - Greenville
Mls Name: Greater Greenville AOR
Mls ID: #1567919