240 Carmello CircleConwaySC29526
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 Conway at 240 Carmello Circle, Conway, SC, 29526 priced at $340,888 converts $2,650/mo rent into $621/mo cash flow after a $1,668/mo obligation. Total monthly income equals $2,650/mo, and annual cash flow totals $7,455/yr on $113,004 invested. Return on cash invested prints 26.51% in year one, and rental yield reads 9.33% against a $340,888 entry. Equity gained on principal adds $2,200/yr, while 5% annual appreciation compiles into $94,181 by year five. Five-year ROI reaches 137.94% and total cumulative return in cash sums $155,877. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,650/mo property income covering a $1,668/mo payment, not borrower’s personal income.
Single Family
Built in 2019
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29526, Conway, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,975 (100%) |
| Owner Occupied HU | 16,613 (69.3%) |
| Renter Occupied HU | 5,011 (20.9%) |
| Vacant Housing Units | 2,351 ( 9.8%) |
| Median Home Value | $318,937 |
| Average Home Value | $348,248 |
Housing Distribution
Address Breakdown
Residential
24,213
Single Family
22,666
Multi-Family
1,547
Businesses
1,658
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Listed by: Paige Bird • RE/MAX Southern Shores
Mls Name: CCAR
Mls ID: #2526402