494 Warren Springs Dr.ConwaySC29527
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 Conway at 494 Warren Springs Dr, Conway, SC, 29527 offers $2,310/mo rent that, after a $1,561/mo payment, leaves $412/mo cash flow. Total monthly income is $2,310/mo, and annual cash flow is $4,938/yr on $105,715 cash. Return on cash invested measures 24.58% in year one, and rental yield stands at 8.69% at a $318,900 entry. Equity gained on principal adds $2,058/yr while 5% annual appreciation compounds into $88,106 by year five. Five-year ROI records 127.6% and total cumulative return in cash reaches $134,898. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,310/mo property income versus a $1,561/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2013
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29527, Conway, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,782 (100%) |
| Owner Occupied HU | 8,996 (70.4%) |
| Renter Occupied HU | 2,647 (20.7%) |
| Vacant Housing Units | 1,139 ( 8.9%) |
| Median Home Value | $235,631 |
| Average Home Value | $273,352 |
Housing Distribution
Address Breakdown
Residential
12,404
Single Family
12,098
Multi-Family
306
Businesses
247
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Christal Cason • INNOVATE Real Estate
Mls Name: CCAR
Mls ID: #2521770