608 Will Reaves RdMullinsSC29574
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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 Mullins at 608 Will Reaves Rd, Mullins, SC, 29574 listed at $274,500 pairs $1,794/mo rent with a $1,344/mo payment to leave $159/mo cash flow. Total monthly income runs $1,794/mo, and annual cash flow reaches $1,914/yr on $90,997 cash to close. Return on cash invested measures 22.01% in year one, and rental yield registers 7.84% at a $274,500 basis. Equity gained on principal adds $1,771/yr, and annual property appreciation at 5% supports $75,839 by year five. Five-year ROI tracks 113.84% and total cumulative return in cash totals $103,594. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,794/mo property income relative to a $1,344/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1975
1.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29574, Mullins, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,064 (100%) |
| Owner Occupied HU | 3,001 (59.3%) |
| Renter Occupied HU | 1,258 (24.8%) |
| Vacant Housing Units | 805 (15.9%) |
| Median Home Value | $97,483 |
| Average Home Value | $139,026 |
Housing Distribution
Address Breakdown
Residential
4,732
Single Family
4,709
Multi-Family
23
Businesses
428
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Listed by: Linda Hyatt • Hyatt Realty
Mls Name: Pee Dee Realtor Association
Mls ID: #20254115