208 Spring DrEasleySC29642
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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 208 Spring Dr, Easley, SC, 29642 listed at $349,900 pairs $2,402/mo rent with a $1,713/mo payment to leave $319/mo cash flow. Total monthly income runs $2,402/mo, and annual cash flow reaches $3,824/yr on $115,992 cash to close. Return on cash invested measures 23.21% in year one, and rental yield registers 8.24% at a $349,900 basis. Equity gained on principal adds $2,258/yr, and annual property appreciation at 5% supports $96,671 by year five. Five-year ROI tracks 120.21% and total cumulative return in cash totals $139,434. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,402/mo property income relative to a $1,713/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29642, Easley, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,377 (100%) |
| Owner Occupied HU | 12,089 (78.6%) |
| Renter Occupied HU | 2,460 (16.0%) |
| Vacant Housing Units | 828 ( 5.4%) |
| Median Home Value | $294,353 |
| Average Home Value | $333,714 |
Housing Distribution
Address Breakdown
Residential
15,301
Single Family
14,406
Multi-Family
895
Businesses
424
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Listed by: M.Kevin Black • Southern Equity, LLC
Mls Name: WUMLS
Mls ID: #20293748