203 Cedar DrPiedmontSC29673
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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 Piedmont at 203 Cedar Dr, Piedmont, SC, 29673 offers $1,101/mo rent that, after a $685/mo payment, leaves $268/mo cash flow. Total monthly income is $1,101/mo, and annual cash flow is $3,214/yr on $46,410 cash. Return on cash invested measures 26.83% in year one, and rental yield stands at 9.44% at a $140,000 entry. Equity gained on principal adds $903/yr while 5% annual appreciation compounds into $38,679 by year five. Five-year ROI records 139.67% and total cumulative return in cash reaches $64,822. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,101/mo property income versus a $685/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29673, Piedmont, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,431 (100%) |
| Owner Occupied HU | 9,512 (70.8%) |
| Renter Occupied HU | 3,101 (23.1%) |
| Vacant Housing Units | 818 ( 6.1%) |
| Median Home Value | $277,568 |
| Average Home Value | $332,050 |
Housing Distribution
Address Breakdown
Residential
13,462
Single Family
12,786
Multi-Family
676
Businesses
994
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Listed by: Barbara Bryant • Blackstream International RE
Mls Name: WUMLS
Mls ID: #20293718