305 S 6th StEasleySC29640
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Easley at 305 S 6th St, Easley, SC, 29640 uses $71,273 cash to close to unlock $4,506/yr annual cash flow and $375/mo monthly cash flow. Total monthly income runs $1,655/mo, and a $1,052/mo payment keeps the spread at $375/mo. Purchase price stands at $215,000, and rental yield measures 9.24% with $1,655/mo rent. Return on cash invested shows 26.23% in year one, and 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 136.46% and total cumulative return in cash records $97,261. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,655/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Single Family
Built in 1920
10,454 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ty Carey • Our Fathers Houses
Mls Name: WUMLS
Mls ID: #20292525