216 Barrett DrMauldinSC29662
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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 Mauldin at 216 Barrett Dr, Mauldin, SC, 29662 priced at $359,000 converts $2,569/mo rent into $432/mo cash flow after a $1,757/mo obligation. Total monthly income equals $2,569/mo, and annual cash flow totals $5,185/yr on $119,009 invested. Return on cash invested prints 24.27% in year one, and rental yield reads 8.59% against a $359,000 entry. Equity gained on principal adds $2,317/yr, while 5% annual appreciation compiles into $99,185 by year five. Five-year ROI reaches 125.93% and total cumulative return in cash sums $149,863. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,569/mo property income covering a $1,757/mo payment, not borrower’s personal income.
Single Family
Built in 2006
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29662, Mauldin, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,928 (100%) |
| Owner Occupied HU | 4,109 (59.3%) |
| Renter Occupied HU | 2,419 (34.9%) |
| Vacant Housing Units | 400 ( 5.8%) |
| Median Home Value | $275,310 |
| Average Home Value | $318,558 |
Housing Distribution
Address Breakdown
Residential
7,058
Single Family
5,612
Multi-Family
1,446
Businesses
774
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Listed by: Linda Moore • Coldwell Banker Caine/Williams
Mls Name: Greater Greenville AOR
Mls ID: #1569032