307 Nealy StPickensSC29671
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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 Pickens at 307 Nealy St, Pickens, SC, 29671 priced at $175,200 converts $1,175/mo rent into $132/mo cash flow after a $858/mo obligation. Total monthly income equals $1,175/mo, and annual cash flow totals $1,579/yr on $58,079 invested. Return on cash invested prints 22.63% in year one, and rental yield reads 8.05% against a $175,200 entry. Equity gained on principal adds $1,131/yr, while 5% annual appreciation compiles into $48,405 by year five. Five-year ROI reaches 117.15% and total cumulative return in cash sums $68,038. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,175/mo property income covering a $858/mo payment, not borrower’s personal income.
Single Family
Built in 1950
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29671, Pickens, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,804 (100%) |
| Owner Occupied HU | 6,427 (73.0%) |
| Renter Occupied HU | 1,403 (15.9%) |
| Vacant Housing Units | 974 (11.1%) |
| Median Home Value | $240,850 |
| Average Home Value | $280,779 |
Housing Distribution
Address Breakdown
Residential
8,188
Single Family
8,185
Multi-Family
3
Businesses
594
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