409 S Lyles AveLandrumSC29356
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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 Landrum at 409 S Lyles Ave, Landrum, SC, 29356 generates $2,033/mo in rent and, after a $1,463/mo payment, leaves $254/mo in cash flow. Total monthly income is $2,033/mo, and annual cash flow is $3,043/yr on $99,119 invested. Return on cash invested sits at 22.98% in year one, and rental yield is 8.16% on a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 119.01% and total cumulative return in cash sums $117,958. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,033/mo property income rather than buyer’s personal income.
Single Family
Built in 2021
0.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29356, Landrum, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,752 (100%) |
| Owner Occupied HU | 3,521 (74.1%) |
| Renter Occupied HU | 557 (11.7%) |
| Vacant Housing Units | 674 (14.2%) |
| Median Home Value | $407,564 |
| Average Home Value | $511,720 |
Housing Distribution
Address Breakdown
Residential
4,424
Single Family
4,011
Multi-Family
413
Businesses
374
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Listed by: Nikki Sauve • Sauv Collective
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4330851