203 Phillips AveEasleySC29640
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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 Easley at 203 Phillips Ave, Easley, SC, 29640 offers a 7.51% rental yield on a $230,000 purchase with $1,440/mo rent. Total monthly income registers $1,440/mo, and a $1,126/mo payment leaves $71/mo available for distribution. Annual cash flow reaches $847/yr on $76,245 to close, and return on cash invested stands at 21.02% in year one. Equity gained on principal adds $1,484/yr while 5% annual appreciation supports $63,545 over five years. Portfolio math shows five-year ROI at 108.51% and total cumulative return in cash at $82,735. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,440/mo property income against a $1,126/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1981
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29640, Easley, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,586 (100%) |
| Owner Occupied HU | 10,466 (67.2%) |
| Renter Occupied HU | 3,897 (25.0%) |
| Vacant Housing Units | 1,223 ( 7.8%) |
| Median Home Value | $251,960 |
| Average Home Value | $291,439 |
Housing Distribution
Address Breakdown
Residential
14,545
Single Family
14,205
Multi-Family
340
Businesses
1,049
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Listed by: Michael Kerwin • Fathom Realty SC LLC (22780)
Mls Name: WUMLS
Mls ID: #20291454