315 Clear Lake Dr.ConwaySC29526
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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 Conway at 315 Clear Lake Dr, Conway, SC, 29526 priced at $276,280 converts $1,895/mo rent into $209/mo cash flow after a $1,352/mo obligation. Total monthly income equals $1,895/mo, and annual cash flow totals $2,503/yr on $91,587 invested. Return on cash invested prints 22.64% in year one, and rental yield reads 8.23% against a $276,280 entry. Equity gained on principal adds $1,783/yr, while 5% annual appreciation compiles into $76,331 by year five. Five-year ROI reaches 117.4% and total cumulative return in cash sums $107,525. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,895/mo property income covering a $1,352/mo payment, not borrower’s personal income.
Single Family
Built in 2025
0.28 Acres lot
$N/A/sqft
$42 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29526, Conway, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,975 (100%) |
| Owner Occupied HU | 16,613 (69.3%) |
| Renter Occupied HU | 5,011 (20.9%) |
| Vacant Housing Units | 2,351 ( 9.8%) |
| Median Home Value | $318,937 |
| Average Home Value | $348,248 |
Housing Distribution
Address Breakdown
Residential
24,213
Single Family
22,666
Multi-Family
1,547
Businesses
1,658
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Listed by: Nicholas Maney • DR Horton
Mls Name: CCAR
Mls Provider:
Mls ID: #2507433
Disclaimer: Provided courtesy of the Coastal Carolinas MLS. Copyright 2025 of the Coastal Carolinas MLS. All rights reserved. Information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Coastal Carolinas MLS.