251 Myrtle Greens Dr. #BConwaySC29526
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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 Conway at 251 Myrtle Greens Dr. #B, Conway, SC, 29526 priced at $139,900 converts $1,069/mo rent into $236/mo cash flow after a $685/mo obligation. Total monthly income equals $1,069/mo, and annual cash flow totals $2,831/yr on $46,377 invested. Return on cash invested prints 26.01% in year one, and rental yield reads 9.17% against a $139,900 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation compiles into $38,652 by year five. Five-year ROI reaches 135.25% and total cumulative return in cash sums $62,727. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,069/mo property income covering a $685/mo payment, not borrower’s personal income.
Condo
Built in 1989
N/A 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: Brad Emond • Keller Williams Innovate South
Mls Name: CCAR
Mls ID: #2516426