221 Meadow LnEasleySC29642
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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 Easley at 221 Meadow Ln, Easley, SC, 29642 uses $116,025 cash to close to unlock $2,491/yr annual cash flow and $208/mo monthly cash flow. Total monthly income runs $2,291/mo, and a $1,713/mo payment keeps the spread at $208/mo. Purchase price stands at $350,000, and rental yield measures 7.85% with $2,291/mo rent. Return on cash invested shows 22.06% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 114.05% and total cumulative return in cash records $132,326. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,291/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in N/A
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29642, Easley, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,377 (100%) |
| Owner Occupied HU | 12,089 (78.6%) |
| Renter Occupied HU | 2,460 (16.0%) |
| Vacant Housing Units | 828 ( 5.4%) |
| Median Home Value | $294,353 |
| Average Home Value | $333,714 |
Housing Distribution
Address Breakdown
Residential
15,301
Single Family
14,406
Multi-Family
895
Businesses
424
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Listed by: Kelsey Crooks • Coldwell Banker Caine/Williams
Mls Name: Greater Greenville AOR
Mls Provider:
Mls ID: #1551446
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.