414 S Cove RdSenecaSC29672
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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 Seneca at 414 S Cove Rd, Seneca, SC, 29672 offers $2,842/mo rent that, after a $1,551/mo payment, leaves $956/mo cash flow. Total monthly income is $2,842/mo, and annual cash flow is $11,467/yr on $105,052 cash. Return on cash invested measures 30.82% in year one, and rental yield stands at 10.76% at a $316,900 entry. Equity gained on principal adds $2,045/yr while 5% annual appreciation compounds into $87,554 by year five. Five-year ROI records 161.06% and total cumulative return in cash reaches $169,202. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,842/mo property income versus a $1,551/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1988
1.24 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29672, Seneca, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,418 (100%) |
| Owner Occupied HU | 4,776 (64.4%) |
| Renter Occupied HU | 1,406 (19.0%) |
| Vacant Housing Units | 1,236 (16.7%) |
| Median Home Value | $579,159 |
| Average Home Value | $722,852 |
Housing Distribution
Address Breakdown
Residential
6,724
Single Family
6,624
Multi-Family
100
Businesses
240
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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