220 Elm St APT 501ClemsonSC29631
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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 Clemson at 220 Elm St APT 501, Clemson, SC, 29631 uses $60,333 cash to close to unlock $5,213/yr annual cash flow and $434/mo monthly cash flow. Total monthly income runs $1,518/mo, and a $891/mo payment keeps the spread at $434/mo. Purchase price stands at $182,000, and rental yield measures 10.01% with $1,518/mo rent. Return on cash invested shows 28.55% in year one, and 5% annual appreciation builds toward $50,283 over five years. Five-year ROI reaches 148.91% and total cumulative return in cash records $89,841. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,518/mo property income covering a $891/mo payment rather than investor’s personal income.
Condo
Built in 1990
6.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29631, Clemson, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,246 (100%) |
| Owner Occupied HU | 3,017 (36.6%) |
| Renter Occupied HU | 3,969 (48.1%) |
| Vacant Housing Units | 1,260 (15.3%) |
| Median Home Value | $368,243 |
| Average Home Value | $420,176 |
Housing Distribution
Address Breakdown
Residential
6,736
Single Family
5,377
Multi-Family
1,359
Businesses
474
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Listed by: Kirsten Zinkann • Keller Williams Greenville Cen
Mls Name: WUMLS
Mls ID: #20294609