308 Kelby StTravelers RestSC29690
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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
Investment property for sale in Travelers Rest at 308 Kelby St, Travelers Rest, SC, 29690 uses $165,750 cash to close to unlock $2,614/yr annual cash flow and $218/mo monthly cash flow. Total monthly income runs $3,194/mo, and a $2,447/mo payment keeps the spread at $218/mo. Purchase price stands at $500,000, and rental yield measures 7.67% with $3,194/mo rent. Return on cash invested shows 21.49% in year one, and 5% annual appreciation builds toward $138,141 over five years. Five-year ROI reaches 110.98% and total cumulative return in cash records $183,944. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,194/mo property income covering a $2,447/mo payment rather than investor’s personal income.
Single Family
Built in 2019
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29690, Travelers Rest, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,329 (100%) |
| Owner Occupied HU | 7,764 (75.2%) |
| Renter Occupied HU | 1,792 (17.3%) |
| Vacant Housing Units | 773 ( 7.5%) |
| Median Home Value | $381,494 |
| Average Home Value | $436,149 |
Housing Distribution
Address Breakdown
Residential
9,877
Single Family
9,650
Multi-Family
227
Businesses
812
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Listed by: Christopher Horrell • Keller Williams Grv Upst
Mls Name: Greater Greenville AOR
Mls ID: #1565176