315 W Broad StIvaSC29655
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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 Iva at 315 W Broad St, Iva, SC, 29655 offers a 10.9% rental yield on a $225,000 purchase with $2,044/mo rent. Total monthly income registers $2,044/mo, and a $1,101/mo payment leaves $705/mo available for distribution. Annual cash flow reaches $8,459/yr on $74,588 to close, and return on cash invested stands at 31.25% in year one. Equity gained on principal adds $1,452/yr while 5% annual appreciation supports $62,163 over five years. Portfolio math shows five-year ROI at 163.36% and total cumulative return in cash at $121,845. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,044/mo property income against a $1,101/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29655, Iva, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,828 (100%) |
| Owner Occupied HU | 2,672 (69.8%) |
| Renter Occupied HU | 545 (14.2%) |
| Vacant Housing Units | 611 (16.0%) |
| Median Home Value | $245,907 |
| Average Home Value | $344,771 |
Housing Distribution
Address Breakdown
Residential
3,111
Single Family
3,091
Multi-Family
20
Businesses
116
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Listed by: Pamela Borghesani • Bluefield Realty Group
Mls Name: WUMLS
Mls ID: #20294276