216 Walden Lake Rd.ConwaySC29526
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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 Conway at 216 Walden Lake Rd, Conway, SC, 29526 generates $1,521/mo in rent and, after a $1,101/mo payment, leaves $182/mo in cash flow. Total monthly income is $1,521/mo, and annual cash flow is $2,183/yr on $74,588 invested. Return on cash invested sits at 22.84% in year one, and rental yield is 8.11% on a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 118.2% and total cumulative return in cash sums $88,161. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,521/mo property income rather than buyer’s personal income.
Single Family
Built in 2006
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29526, Conway, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,975 (100%) |
| Owner Occupied HU | 16,613 (69.3%) |
| Renter Occupied HU | 5,011 (20.9%) |
| Vacant Housing Units | 2,351 ( 9.8%) |
| Median Home Value | $318,937 |
| Average Home Value | $348,248 |
Housing Distribution
Address Breakdown
Residential
24,213
Single Family
22,666
Multi-Family
1,547
Businesses
1,658
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Listed by: Jillian A Tomkovich • INNOVATE Real Estate
Mls Name: CCAR
Mls ID: #2514169