2405 Sherry Ave.ConwaySC29527
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
Investment property for sale in Conway at 2405 Sherry Ave, Conway, SC, 29527 uses $74,753 cash to close to unlock $8,968/yr annual cash flow and $747/mo monthly cash flow. Total monthly income runs $2,090/mo, and a $1,104/mo payment keeps the spread at $747/mo. Purchase price stands at $225,500, and rental yield measures 11.12% with $2,090/mo rent. Return on cash invested shows 31.91% in year one, and 5% annual appreciation builds toward $62,301 over five years. Five-year ROI reaches 166.9% and total cumulative return in cash records $124,762. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,090/mo property income covering a $1,104/mo payment rather than investor’s personal income.
Single Family
Built in 2009
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29527, Conway, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,782 (100%) |
| Owner Occupied HU | 8,996 (70.4%) |
| Renter Occupied HU | 2,647 (20.7%) |
| Vacant Housing Units | 1,139 ( 8.9%) |
| Median Home Value | $235,631 |
| Average Home Value | $273,352 |
Housing Distribution
Address Breakdown
Residential
12,404
Single Family
12,098
Multi-Family
306
Businesses
247
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michael Blake B Rabon • CB Sea Coast Advantage CF
Mls Name: CCAR
Mls ID: #2519600