23 Spring StPelzerSC29669
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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 Pelzer at 23 Spring St, Pelzer, SC, 29669 uses $46,410 cash to close to unlock $7,210/yr annual cash flow and $601/mo monthly cash flow. Total monthly income runs $1,434/mo, and a $685/mo payment keeps the spread at $601/mo. Purchase price stands at $140,000, and rental yield measures 12.29% with $1,434/mo rent. Return on cash invested shows 35.44% in year one, and 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 185.85% and total cumulative return in cash records $86,254. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,434/mo property income covering a $685/mo payment rather than investor’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29669, Pelzer, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,257 (100%) |
| Owner Occupied HU | 4,721 (75.5%) |
| Renter Occupied HU | 1,039 (16.6%) |
| Vacant Housing Units | 497 ( 7.9%) |
| Median Home Value | $297,049 |
| Average Home Value | $366,864 |
Housing Distribution
Address Breakdown
Residential
5,764
Single Family
5,764
Multi-Family
0
Businesses
247
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Listed by: Lauren Capelli • Reedy Property Group, Inc (Greenville)
Mls Name: WUMLS
Mls ID: #20295593