406 N Main StCloverSC29710
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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 Clover at 406 N Main St, Clover, SC, 29710 with 5% annual appreciation on a $209,000 basis while $1,889/mo rent supports operations. Total monthly income totals $1,889/mo and a $1,023/mo payment preserves $645/mo for cash returns. Annual cash flow comes to $7,738/yr on $69,284 deployed, and return on cash invested reaches 31.08% in year one. Equity gained on principal adds $1,349/yr, and five-year appreciation sums $57,743 alongside rental yield of 10.85%. Five-year ROI measures 162.43% and total cumulative return in cash totals $112,538.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,889/mo property income versus a $1,023/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1930
0.24 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29710, Clover, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,559 (100%) |
| Owner Occupied HU | 14,168 (76.3%) |
| Renter Occupied HU | 3,409 (18.4%) |
| Vacant Housing Units | 982 ( 5.3%) |
| Median Home Value | $434,455 |
| Average Home Value | $479,171 |
Housing Distribution
Address Breakdown
Residential
17,336
Single Family
16,486
Multi-Family
850
Businesses
868
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Listed by: Becca Lutes • Keller Williams Lake Norman
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4279553