223 Lily Park WayEasleySC29642
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Easley at 223 Lily Park Way, Easley, SC, 29642 priced at $350,000 converts $2,276/mo rent into $193/mo cash flow after a $1,713/mo obligation. Total monthly income equals $2,276/mo, and annual cash flow totals $2,311/yr on $116,025 invested. Return on cash invested prints 21.9% in year one, and rental yield reads 7.8% against a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,699 by year five. Five-year ROI reaches 113.22% and total cumulative return in cash sums $131,366. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,276/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Single Family
Built in 2022
6,534 sqft 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: Hannah Addison • Coldwell Banker Caine - Anderson
Mls Name: WUMLS
Mls ID: #20295168