2224 Iron Works DrLake WylieSC29710
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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 Lake Wylie at 2224 Iron Works Dr, Lake Wylie, SC, 29710 listed at $459,700 pairs $3,139/mo rent with a $2,250/mo payment to leave $352/mo cash flow. Total monthly income runs $3,139/mo, and annual cash flow reaches $4,230/yr on $152,391 cash to close. Return on cash invested measures 22.68% in year one, and rental yield registers 8.19% at a $459,700 basis. Equity gained on principal adds $2,966/yr, and annual property appreciation at 5% supports $127,007 by year five. Five-year ROI tracks 117.57% and total cumulative return in cash totals $179,163. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,139/mo property income relative to a $2,250/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2005
10,018 sqft lot
$N/A/sqft
$50 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29710, Clover, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,559 (100%) |
| Owner Occupied HU | 14,168 (76.3%) |
| Renter Occupied HU | 3,409 (18.4%) |
| Vacant Housing Units | 982 ( 5.3%) |
| Median Home Value | $434,455 |
| Average Home Value | $479,171 |
Housing Distribution
Address Breakdown
Residential
17,336
Single Family
16,486
Multi-Family
850
Businesses
868
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