245 Lola LnEasleySC29640
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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 Easley at 245 Lola Ln, Easley, SC, 29640 priced at $199,900 converts $1,685/mo rent into $495/mo cash flow after a $978/mo obligation. Total monthly income equals $1,685/mo, and annual cash flow totals $5,945/yr on $66,267 invested. Return on cash invested prints 28.88% in year one, and rental yield reads 10.12% against a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation compiles into $55,229 by year five. Five-year ROI reaches 150.68% and total cumulative return in cash sums $99,853. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,685/mo property income covering a $978/mo payment, not borrower’s personal income.
Manufactured
Built in 2003
2.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29640, Easley, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,586 (100%) |
| Owner Occupied HU | 10,466 (67.2%) |
| Renter Occupied HU | 3,897 (25.0%) |
| Vacant Housing Units | 1,223 ( 7.8%) |
| Median Home Value | $251,960 |
| Average Home Value | $291,439 |
Housing Distribution
Address Breakdown
Residential
14,545
Single Family
14,205
Multi-Family
340
Businesses
1,049
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Listed by: Chelsea Joseph • Keller Williams Realty
Mls Name: Greater Greenville AOR
Mls ID: #1568343