425 River StConverseSC29329
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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
Investment property for sale in Converse at 425 River St, Converse, SC, 29329 offers a 8.88% rental yield on a $179,500 purchase with $1,328/mo rent. Total monthly income registers $1,328/mo, and a $879/mo payment leaves $259/mo available for distribution. Annual cash flow reaches $3,108/yr on $59,504 to close, and return on cash invested stands at 25.13% in year one. Equity gained on principal adds $1,158/yr while 5% annual appreciation supports $49,593 over five years. Portfolio math shows five-year ROI at 130.63% and total cumulative return in cash at $77,728. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,328/mo property income against a $879/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1905
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29329, Converse, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | |
| Owner Occupied HU | |
| Renter Occupied HU | |
| Vacant Housing Units | |
| Median Home Value | |
| Average Home Value |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
17
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Listed by: Brian Hurry • Coldwell Banker Caine Real Est
Mls Name: SAR
Mls Provider:
Mls ID: #322785
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.