227 Red Oak DrWellfordSC29385
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 Wellford at 227 Red Oak Dr, Wellford, SC, 29385 generates $1,471/mo in rent and, after a $1,003/mo payment, leaves $251/mo in cash flow. Total monthly income is $1,471/mo, and annual cash flow is $3,013/yr on $67,958 invested. Return on cash invested sits at 24.34% in year one, and rental yield is 8.61% on a $205,000 entry. Equity gained on principal adds $1,323/yr, while 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 126.37% and total cumulative return in cash sums $85,878. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,471/mo property income rather than buyer’s personal income.
Manufactured
Built in 1996
0.95 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29385, Wellford, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,022 (100%) |
| Owner Occupied HU | 2,850 (70.9%) |
| Renter Occupied HU | 799 (19.9%) |
| Vacant Housing Units | 373 ( 9.3%) |
| Median Home Value | $242,413 |
| Average Home Value | $274,051 |
Housing Distribution
Address Breakdown
Residential
3,821
Single Family
3,821
Multi-Family
0
Businesses
144
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Torin Foley • Keller Williams Realty
Mls Name: SAR
Mls ID: #327531