507 E Perkins Creek RdSenecaSC29678
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 Seneca at 507 E Perkins Creek Rd, Seneca, SC, 29678 priced at $245,000 converts $2,372/mo rent into $914/mo cash flow after a $1,199/mo obligation. Total monthly income equals $2,372/mo, and annual cash flow totals $10,965/yr on $81,218 invested. Return on cash invested prints 33.41% in year one, and rental yield reads 11.62% against a $245,000 entry. Equity gained on principal adds $1,581/yr, while 5% annual appreciation compiles into $67,689 by year five. Five-year ROI reaches 174.94% and total cumulative return in cash sums $142,080. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,372/mo property income covering a $1,199/mo payment, not borrower’s personal income.
Townhouse
Built in 2008
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29678, Seneca, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,419 (100%) |
| Owner Occupied HU | 7,101 (57.2%) |
| Renter Occupied HU | 3,583 (28.9%) |
| Vacant Housing Units | 1,735 (14.0%) |
| Median Home Value | $232,752 |
| Average Home Value | $286,035 |
Housing Distribution
Address Breakdown
Residential
11,044
Single Family
10,190
Multi-Family
854
Businesses
842
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Summer Hocker • Reedy Property Group, Inc
Mls Name: WUMLS
Mls ID: #20291298