61 Meadowland DrFountain innSC29644
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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 Fountain inn at 61 Meadowland Dr, Fountain inn, SC, 29644 generates $1,583/mo in rent and, after a $967/mo payment, leaves $407/mo in cash flow. Total monthly income is $1,583/mo, and annual cash flow is $4,884/yr on $65,471 invested. Return on cash invested sits at 27.37% in year one, and rental yield is 9.62% on a $197,500 entry. Equity gained on principal adds $1,274/yr, while 5% annual appreciation builds toward $54,566 over five years. Five-year ROI reaches 142.53% and total cumulative return in cash sums $93,315. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,583/mo property income rather than buyer’s personal income.
Manufactured
Built in N/A
0.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29644, Fountain Inn, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,989 (100%) |
| Owner Occupied HU | 7,280 (72.9%) |
| Renter Occupied HU | 2,135 (21.4%) |
| Vacant Housing Units | 574 ( 5.7%) |
| Median Home Value | $309,383 |
| Average Home Value | $348,935 |
Housing Distribution
Address Breakdown
Residential
10,245
Single Family
10,088
Multi-Family
157
Businesses
495
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Listed by: David Kesler • Kesler & Associates
Mls Name: Greater Greenville AOR
Mls ID: #1565947