305 Spring StUnionSC29379
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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 Union at 305 Spring St, Union, SC, 29379 generates $1,040/mo in rent and, after a $661/mo payment, leaves $236/mo in cash flow. Total monthly income is $1,040/mo, and annual cash flow is $2,834/yr on $44,753 invested. Return on cash invested sits at 26.24% in year one, and rental yield is 9.24% on a $135,000 entry. Equity gained on principal adds $871/yr, while 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 136.57% and total cumulative return in cash sums $61,117. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,040/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29379, Union, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,146 (100%) |
| Owner Occupied HU | 5,365 (58.7%) |
| Renter Occupied HU | 2,446 (26.7%) |
| Vacant Housing Units | 1,335 (14.6%) |
| Median Home Value | $119,903 |
| Average Home Value | $168,566 |
Housing Distribution
Address Breakdown
Residential
8,243
Single Family
7,930
Multi-Family
313
Businesses
745
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Listed by: Cathy W Lumsden • EXP Realty LLC
Mls Name: SAR
Mls ID: #330655