509 S Bomar AveLandrumSC29356
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 Landrum at 509 S Bomar Ave, Landrum, SC, 29356 offers $1,708/mo rent that, after a $1,248/mo payment, leaves $190/mo cash flow. Total monthly income is $1,708/mo, and annual cash flow is $2,283/yr on $84,499 cash. Return on cash invested measures 22.61% in year one, and rental yield stands at 8.04% at a $254,900 entry. Equity gained on principal adds $1,645/yr while 5% annual appreciation compounds into $70,424 by year five. Five-year ROI records 117.08% and total cumulative return in cash reaches $98,928. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,708/mo property income versus a $1,248/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29356, Landrum, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,752 (100%) |
| Owner Occupied HU | 3,521 (74.1%) |
| Renter Occupied HU | 557 (11.7%) |
| Vacant Housing Units | 674 (14.2%) |
| Median Home Value | $407,564 |
| Average Home Value | $511,720 |
Housing Distribution
Address Breakdown
Residential
4,424
Single Family
4,011
Multi-Family
413
Businesses
374
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Listed by: Kendall Somero • Carolina Moves, LLC
Mls Name: Greater Greenville AOR
Mls ID: #1573973