201 Hammett StHonea PathSC29654
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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 Honea Path at 201 Hammett St, Honea Path, SC, 29654 priced at $124,900 converts $972/mo rent into $229/mo cash flow after a $611/mo obligation. Total monthly income equals $972/mo, and annual cash flow totals $2,746/yr on $41,404 invested. Return on cash invested prints 26.54% in year one, and rental yield reads 9.34% against a $124,900 entry. Equity gained on principal adds $806/yr, while 5% annual appreciation compiles into $34,508 by year five. Five-year ROI reaches 138.1% and total cumulative return in cash sums $57,178. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $972/mo property income covering a $611/mo payment, not borrower’s personal income.
Single Family
Built in N/A
10,018 sqft 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
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Listed by: Gregory Finley • Felix Finley Real Estate
Mls Name: WUMLS
Mls ID: #20291461