314 Penson RdHonea PathSC29654
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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
Rental property for sale in Honea Path at 314 Penson Rd, Honea Path, SC, 29654 offers $1,271/mo rent that, after a $808/mo payment, leaves $288/mo cash flow. Total monthly income is $1,271/mo, and annual cash flow is $3,461/yr on $54,698 cash. Return on cash invested measures 26.24% in year one, and rental yield stands at 9.24% at a $165,000 entry. Equity gained on principal adds $1,065/yr while 5% annual appreciation compounds into $45,586 by year five. Five-year ROI records 136.52% and total cumulative return in cash reaches $74,675. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,271/mo property income versus a $808/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in N/A
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29654, Honea Path, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,585 (100%) |
| Owner Occupied HU | 3,333 (72.7%) |
| Renter Occupied HU | 805 (17.6%) |
| Vacant Housing Units | 447 ( 9.7%) |
| Median Home Value | $196,450 |
| Average Home Value | $227,286 |
Housing Distribution
Address Breakdown
Residential
4,334
Single Family
4,334
Multi-Family
0
Businesses
243
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Nearby investment properties with comparable prices
Listed by: Justin Bailey • Century 21 Blackwell & Co. Rea
Mls Name: Greater Greenville AOR
Mls ID: #1578803