217 Lorraine DrTravelers RestSC29690
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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 Travelers Rest at 217 Lorraine Dr, Travelers Rest, SC, 29690 with 5% annual appreciation on a $198,000 basis while $2,318/mo rent supports operations. Total monthly income totals $2,318/mo and a $969/mo payment preserves $1,139/mo for cash returns. Annual cash flow comes to $13,673/yr on $65,637 deployed, and return on cash invested reaches 40.74% in year one. Equity gained on principal adds $1,278/yr, and five-year appreciation sums $54,704 alongside rental yield of 14.05%. Five-year ROI measures 214.28% and total cumulative return in cash totals $140,644.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,318/mo property income versus a $969/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1957
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29690, Travelers Rest, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,329 (100%) |
| Owner Occupied HU | 7,764 (75.2%) |
| Renter Occupied HU | 1,792 (17.3%) |
| Vacant Housing Units | 773 ( 7.5%) |
| Median Home Value | $381,494 |
| Average Home Value | $436,149 |
Housing Distribution
Address Breakdown
Residential
9,877
Single Family
9,650
Multi-Family
227
Businesses
812
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Listed by: Helen Sarratt • BHHS C Dan Joyner - Midtown
Mls Name: Greater Greenville AOR
Mls Provider:
Mls ID: #1563685
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.