214 S Summit DrSenecaSC29672
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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 Seneca at 214 S Summit Dr, Seneca, SC, 29672 priced at $859,000 converts $3,283/mo rent into after a $4,204/mo obligation. Total monthly income equals $3,283/mo. Return on cash invested prints 12.29% in year one, and rental yield reads 4.59% against a $859,000 entry. Equity gained on principal adds $5,543/yr, while 5% annual appreciation compiles into $237,326 by year five. Five-year ROI reaches 61.63% and total cumulative return in cash sums $174,171. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,283/mo property income covering a $4,204/mo payment, not borrower’s personal income.
Single Family
Built in 2006
0.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29672, Seneca, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,418 (100%) |
| Owner Occupied HU | 4,776 (64.4%) |
| Renter Occupied HU | 1,406 (19.0%) |
| Vacant Housing Units | 1,236 (16.7%) |
| Median Home Value | $579,159 |
| Average Home Value | $722,852 |
Housing Distribution
Address Breakdown
Residential
6,724
Single Family
6,624
Multi-Family
100
Businesses
240
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Listed by: Eldon Blust • Howard Hanna Allen Tate - Lake Keowee North
Mls Name: WUMLS
Mls ID: #20296474