3 Palmetto DrClevelandSC29635
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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 Cleveland at 3 Palmetto Dr, Cleveland, SC, 29635 generates $1,381/mo in rent, after a $1,248/mo payment. Total monthly income is $1,381/mo. Return on cash invested sits at 17.97% in year one, and rental yield is 6.5% on a $255,000 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 92.15% and total cumulative return in cash sums $77,900. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,381/mo property income rather than buyer’s personal income.
Single Family
Built in 1990
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29635, Cleveland, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,046 (100%) |
| Owner Occupied HU | 606 (57.9%) |
| Renter Occupied HU | 74 ( 7.1%) |
| Vacant Housing Units | 366 (35.0%) |
| Median Home Value | $250,000 |
| Average Home Value | $291,316 |
Housing Distribution
Address Breakdown
Residential
726
Single Family
726
Multi-Family
0
Businesses
22
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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