605 W Farley AveLaurensSC29360
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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
Investment property for sale in Laurens at 605 W Farley Ave, Laurens, SC, 29360 offers a 9.6% rental yield on a $196,000 purchase with $1,568/mo rent. Total monthly income registers $1,568/mo, and a $959/mo payment leaves $402/mo available for distribution. Annual cash flow reaches $4,819/yr on $64,974 to close, and return on cash invested stands at 27.33% in year one. Equity gained on principal adds $1,265/yr while 5% annual appreciation supports $54,151 over five years. Portfolio math shows five-year ROI at 142.32% and total cumulative return in cash at $92,472. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,568/mo property income against a $959/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29360, Laurens, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,872 (100%) |
| Owner Occupied HU | 5,955 (60.3%) |
| Renter Occupied HU | 2,803 (28.4%) |
| Vacant Housing Units | 1,114 (11.3%) |
| Median Home Value | $202,160 |
| Average Home Value | $228,123 |
Housing Distribution
Address Breakdown
Residential
9,097
Single Family
8,641
Multi-Family
456
Businesses
797
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Listed by: Deborah Simpson • Simpson Land and Home
Mls Name: Greater Greenville AOR
Mls ID: #1568984