240 Main StConverseSC29329
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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 Converse at 240 Main St, Converse, SC, 29329 offers $1,441/mo rent that, after a $538/mo payment, leaves $787/mo cash flow. Total monthly income is $1,441/mo, and annual cash flow is $9,439/yr on $36,465 cash. Return on cash invested measures 45.79% in year one, and rental yield stands at 15.72% at a $110,000 entry. Equity gained on principal adds $710/yr while 5% annual appreciation compounds into $30,391 by year five. Five-year ROI records 241.41% and total cumulative return in cash reaches $88,032. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,441/mo property income versus a $538/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2001
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29329, Converse, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | |
| Owner Occupied HU | |
| Renter Occupied HU | |
| Vacant Housing Units | |
| Median Home Value | |
| Average Home Value |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
17
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Nearby investment properties with comparable prices
Listed by: Naika Maldonado • Keller Williams Grv Upst
Mls Name: Greater Greenville AOR
Mls Provider:
Mls ID: #1522699
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.