408 McElhaney RdTravelers RestSC29690
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Travelers Rest at 408 McElhaney Rd, Travelers Rest, SC, 29690 offers $1,950/mo rent that, after a $1,463/mo payment, leaves $171/mo cash flow. Total monthly income is $1,950/mo, and annual cash flow is $2,047/yr on $99,119 cash. Return on cash invested measures 21.97% in year one, and rental yield stands at 7.83% at a $299,000 entry. Equity gained on principal adds $1,929/yr while 5% annual appreciation compounds into $82,608 by year five. Five-year ROI records 113.62% and total cumulative return in cash reaches $112,618. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,950/mo property income versus a $1,463/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29690, Travelers Rest, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,329 (100%) |
| Owner Occupied HU | 7,764 (75.2%) |
| Renter Occupied HU | 1,792 (17.3%) |
| Vacant Housing Units | 773 ( 7.5%) |
| Median Home Value | $381,494 |
| Average Home Value | $436,149 |
Housing Distribution
Address Breakdown
Residential
9,877
Single Family
9,650
Multi-Family
227
Businesses
812
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kathryn Curtis • Coldwell Banker Caine/Williams
Mls Name: Greater Greenville AOR
Mls ID: #1578503