3023 Highway 284IvaSC29655
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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
Total monthly income runs $2,742/mo, and a $2,349/mo payment. Purchase price stands at $480,000, and rental yield measures 6.86% with $2,742/mo rent. Return on cash invested shows 18.85% in year one, and 5% annual appreciation builds toward $132,615 over five years. Five-year ROI reaches 96.89% and total cumulative return in cash records $154,169. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,742/mo property income covering a $2,349/mo payment rather than investor’s personal income.
Single Family
Built in 1963
9.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29655, Iva, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,828 (100%) |
| Owner Occupied HU | 2,672 (69.8%) |
| Renter Occupied HU | 545 (14.2%) |
| Vacant Housing Units | 611 (16.0%) |
| Median Home Value | $245,907 |
| Average Home Value | $344,771 |
Housing Distribution
Address Breakdown
Residential
3,111
Single Family
3,091
Multi-Family
20
Businesses
116
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Listed by: Sharon Mulkey • Re/Max Action Realty
Mls Name: MLS Of Greenwood Sc Inc.
Mls ID: #133222
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.