2990 Society Dr.ConwaySC29527
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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 2990 Society Dr, Conway, SC, 29527 priced at $225,000 converts $1,596/mo rent into $257/mo cash flow after a $1,101/mo obligation. Total monthly income equals $1,596/mo, and annual cash flow totals $3,083/yr on $74,588 invested. Return on cash invested prints 24.04% in year one, and rental yield reads 8.51% against a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation compiles into $62,163 by year five. Five-year ROI reaches 124.7% and total cumulative return in cash sums $93,009. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,596/mo property income covering a $1,101/mo payment, not borrower’s personal income.
Manufactured
Built in 2001
0.51 Acres 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
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Listed by: Jennifer Lewis • Above The Beach Real Estate
Mls Name: CCAR
Mls Provider:
Mls ID: #2508392
Disclaimer: Provided courtesy of the Coastal Carolinas MLS. Copyright 2025 of the Coastal Carolinas MLS. All rights reserved. Information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Coastal Carolinas MLS.