402 Canewood PlMauldinSC29662
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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 Mauldin at 402 Canewood Pl, Mauldin, SC, 29662 generates $2,410/mo in rent and, after a $1,135/mo payment, leaves $933/mo in cash flow. Total monthly income is $2,410/mo, and annual cash flow is $11,192/yr on $76,842 invested. Return on cash invested sits at 34.47% in year one, and rental yield is 12.48% on a $231,800 entry. Equity gained on principal adds $1,496/yr, while 5% annual appreciation builds toward $64,042 over five years. Five-year ROI reaches 181.21% and total cumulative return in cash sums $139,244. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,410/mo property income rather than buyer’s personal income.
Condo
Built in 2001
1,306 sqft lot
$N/A/sqft
$97 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29662, Mauldin, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,928 (100%) |
| Owner Occupied HU | 4,109 (59.3%) |
| Renter Occupied HU | 2,419 (34.9%) |
| Vacant Housing Units | 400 ( 5.8%) |
| Median Home Value | $275,310 |
| Average Home Value | $318,558 |
Housing Distribution
Address Breakdown
Residential
7,058
Single Family
5,612
Multi-Family
1,446
Businesses
774
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