24 Gin Mill RdHonea PathSC29654
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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
Rental property for sale in Honea Path at 24 Gin Mill Rd, Honea Path, SC, 29654 offers $2,034/mo rent that, after a $1,246/mo payment, leaves $519/mo cash flow. Total monthly income is $2,034/mo, and annual cash flow is $6,224/yr on $84,367 cash. Return on cash invested measures 27.29% in year one, and rental yield stands at 9.59% at a $254,500 entry. Equity gained on principal adds $1,642/yr while 5% annual appreciation compounds into $70,314 by year five. Five-year ROI records 142.1% and total cumulative return in cash reaches $119,887. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,034/mo property income versus a $1,246/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in N/A
0.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29654, Honea Path, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,585 (100%) |
| Owner Occupied HU | 3,333 (72.7%) |
| Renter Occupied HU | 805 (17.6%) |
| Vacant Housing Units | 447 ( 9.7%) |
| Median Home Value | $196,450 |
| Average Home Value | $227,286 |
Housing Distribution
Address Breakdown
Residential
4,334
Single Family
4,334
Multi-Family
0
Businesses
243
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Listed by: Barry Cain • Blackstream International RE
Mls Name: Greater Greenville AOR
Mls ID: #1573298