35 Hobby LnKinardsSC29355
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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 Kinards at 35 Hobby Ln, Kinards, SC, 29355 priced at $130,000 converts $1,368/mo rent into $594/mo cash flow after a $636/mo obligation. Total monthly income equals $1,368/mo, and annual cash flow totals $7,133/yr on $43,095 invested. Return on cash invested prints 36.46% in year one, and rental yield reads 12.63% against a $130,000 entry. Equity gained on principal adds $839/yr, while 5% annual appreciation compiles into $35,917 by year five. Five-year ROI reaches 191.36% and total cumulative return in cash sums $82,467. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,368/mo property income covering a $636/mo payment, not borrower’s personal income.
Lot
Built in N/A
10.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29355, Kinards, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 331 (100%) |
| Owner Occupied HU | 224 (67.7%) |
| Renter Occupied HU | 45 (13.6%) |
| Vacant Housing Units | 62 (18.7%) |
| Median Home Value | $176,471 |
| Average Home Value | $245,458 |
Housing Distribution
Address Breakdown
Residential
343
Single Family
343
Multi-Family
0
Businesses
16
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Listed by: Tripp Taylor • Reedy Property Group, Inc
Mls Name: Greater Greenville AOR
Mls Provider:
Mls ID: #1529298
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.