202 Layken Ln LOT 68ReidvilleSC29388
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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 Reidville at 202 Layken Ln LOT 68, Reidville, SC, 29388 offers a 7.91% rental yield on a $418,500 purchase with $2,758/mo rent. Total monthly income registers $2,758/mo, and a $2,048/mo payment leaves $267/mo available for distribution. Annual cash flow reaches $3,205/yr on $138,733 to close, and return on cash invested stands at 22.22% in year one. Equity gained on principal adds $2,701/yr while 5% annual appreciation supports $115,624 over five years. Portfolio math shows five-year ROI at 114.95% and total cumulative return in cash at $159,472. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,758/mo property income against a $2,048/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29388, Woodruff, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,909 (100%) |
| Owner Occupied HU | 5,909 (74.7%) |
| Renter Occupied HU | 1,381 (17.5%) |
| Vacant Housing Units | 619 ( 7.8%) |
| Median Home Value | $260,735 |
| Average Home Value | $294,145 |
Housing Distribution
Address Breakdown
Residential
7,675
Single Family
7,548
Multi-Family
127
Businesses
366
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Listed by: Will Alexander • D.R. Horton
Mls Name: Greater Greenville AOR
Mls Provider:
Mls ID: #1521047
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.