179 Flatrock RdHonea PathSC29654
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThe cash-flow margin at 179 Flatrock Rd, Honea Path, SC, 29654 in Honea Path is narrow, $91/mo net on $1,400/mo rent after the $989/mo debt service, but the property operates at break-even-plus, not a loss. At $220,000 with a 7.64% yield, the long-run equity case via 5% appreciation ($60,782 over five years) and $2,026/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.42 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $89,078.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 7.6% | 6.2% |
| Monthly Cash Flow | $91 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,400 |
| Total Monthly Debt Service | $1,222 |
| DSCR Ratio | 1.15x |
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 1994
2.04 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29654, Honea Path, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,585 (100%) |
| Owner Occupied HU | 3,333 (72.7%) |
| Renter Occupied HU | 805 (17.6%) |
| Vacant Housing Units | 447 ( 9.7%) |
| Median Home Value | $196,450 |
| Average Home Value | $227,286 |
Housing Distribution
Address Breakdown
Residential
4,334
Single Family
4,334
Multi-Family
0
Businesses
243
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 1994
2.04 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29654, Honea Path, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,585 (100%) |
| Owner Occupied HU | 3,333 (72.7%) |
| Renter Occupied HU | 805 (17.6%) |
| Vacant Housing Units | 447 ( 9.7%) |
| Median Home Value | $196,450 |
| Average Home Value | $227,286 |
Housing Distribution
Address Breakdown
Residential
4,334
Single Family
4,334
Multi-Family
0
Businesses
243
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A