505 Bishop RdInmanSC29349
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 Inman at 505 Bishop Rd, Inman, SC, 29349 priced at $269,900 converts $2,164/mo rent into $557/mo cash flow after a $1,321/mo obligation. Total monthly income equals $2,164/mo, and annual cash flow totals $6,688/yr on $89,472 invested. Return on cash invested prints 27.38% in year one, and rental yield reads 9.62% against a $269,900 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation compiles into $74,568 by year five. Five-year ROI reaches 142.64% and total cumulative return in cash sums $127,626. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,164/mo property income covering a $1,321/mo payment, not borrower’s personal income.
Single Family
Built in 2017
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29349, Inman, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,711 (100%) |
| Owner Occupied HU | 12,425 (79.1%) |
| Renter Occupied HU | 2,262 (14.4%) |
| Vacant Housing Units | 1,024 ( 6.5%) |
| Median Home Value | $281,759 |
| Average Home Value | $325,145 |
Housing Distribution
Address Breakdown
Residential
15,968
Single Family
15,967
Multi-Family
1
Businesses
714
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Listed by: Jacqueline Dowling • BHHS C Dan Joyner - Midtown
Mls Name: Greater Greenville AOR
Mls ID: #1580201