304 Red Oak CtEasleySC29640
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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 Easley at 304 Red Oak Ct, Easley, SC, 29640 generates $1,342/mo in rent and, after a $866/mo payment, leaves $289/mo in cash flow. Total monthly income is $1,342/mo, and annual cash flow is $3,464/yr on $58,676 invested. Return on cash invested sits at 25.81% in year one, and rental yield is 9.1% on a $177,000 entry. Equity gained on principal adds $1,142/yr, while 5% annual appreciation builds toward $48,902 over five years. Five-year ROI reaches 134.22% and total cumulative return in cash sums $78,755. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,342/mo property income rather than buyer’s personal income.
Manufactured
Built in 2018
0.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29640, Easley, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,586 (100%) |
| Owner Occupied HU | 10,466 (67.2%) |
| Renter Occupied HU | 3,897 (25.0%) |
| Vacant Housing Units | 1,223 ( 7.8%) |
| Median Home Value | $251,960 |
| Average Home Value | $291,439 |
Housing Distribution
Address Breakdown
Residential
14,545
Single Family
14,205
Multi-Family
340
Businesses
1,049
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Listed by: Melissa Brown • Real Broker, LLC
Mls Name: Greater Greenville AOR
Mls ID: #1566886