264 Sims RdBlacksburgSC29702
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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 Blacksburg at 264 Sims Rd, Blacksburg, SC, 29702 priced at $349,900 converts $2,363/mo rent into $280/mo cash flow after a $1,713/mo obligation. Total monthly income equals $2,363/mo, and annual cash flow totals $3,356/yr on $115,992 invested. Return on cash invested prints 22.8% in year one, and rental yield reads 8.1% against a $349,900 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,671 by year five. Five-year ROI reaches 118.06% and total cumulative return in cash sums $136,938. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,363/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Single Family
Built in 1993
4.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29702, Blacksburg, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,531 (100%) |
| Owner Occupied HU | 3,184 (70.3%) |
| Renter Occupied HU | 949 (20.9%) |
| Vacant Housing Units | 398 ( 8.8%) |
| Median Home Value | $174,119 |
| Average Home Value | $197,639 |
Housing Distribution
Address Breakdown
Residential
4,480
Single Family
4,478
Multi-Family
2
Businesses
285
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Listed by: Robin Duncan • R. M. DUNCAN REALTY, INC
Mls Name: SAR
Mls Provider:
Mls ID: #313440
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.