242 Redwood DrEasleySC29642
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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
Investment property for sale in Easley at 242 Redwood Dr, Easley, SC, 29642 earns $686/mo cash flow from $2,620/mo rent with a $1,590/mo payment. Total monthly income totals $2,620/mo, and annual cash flow totals $8,234/yr on $107,704 capital. ROI tracks 27.55% on current figures, and rental yield reads 9.68% at a $324,900 purchase. Equity gained on principal adds $2,097/yr, and 5% annual appreciation supports $89,764 over five years. Five-year ROI reaches 143.58% and total cumulative return in cash sums $154,637. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,620/mo property income instead of your personal income.
Single Family
Built in N/A
0.76 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29642, Easley, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,377 (100%) |
| Owner Occupied HU | 12,089 (78.6%) |
| Renter Occupied HU | 2,460 (16.0%) |
| Vacant Housing Units | 828 ( 5.4%) |
| Median Home Value | $294,353 |
| Average Home Value | $333,714 |
Housing Distribution
Address Breakdown
Residential
15,301
Single Family
14,406
Multi-Family
895
Businesses
424
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Listed by: Becky Smith • Agent Group Realty - Greenville
Mls Name: WUMLS
Mls ID: #20293301