524 Kelly RdWoodruffSC29388
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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 Woodruff at 524 Kelly Rd, Woodruff, SC, 29388 generates $2,424/mo in rent, after a $2,080/mo payment. Total monthly income is $2,424/mo. Return on cash invested sits at 19.01% in year one, and rental yield is 6.84% on a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 97.73% and total cumulative return in cash sums $137,693. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,424/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
2.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29388, Woodruff, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,909 (100%) |
| Owner Occupied HU | 5,909 (74.7%) |
| Renter Occupied HU | 1,381 (17.5%) |
| Vacant Housing Units | 619 ( 7.8%) |
| Median Home Value | $260,735 |
| Average Home Value | $294,145 |
Housing Distribution
Address Breakdown
Residential
7,675
Single Family
7,548
Multi-Family
127
Businesses
366
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Listed by: JACK GOWAN • RE/MAX Executive Spartanburg
Mls Name: SAR
Mls ID: #331898