624 Forden DrWellfordSC29385
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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 Wellford at 624 Forden Dr, Wellford, SC, 29385 priced at $345,750 converts $2,162/mo rent into $104/mo cash flow after a $1,692/mo obligation. Total monthly income equals $2,162/mo, and annual cash flow totals $1,249/yr on $114,616 invested. Return on cash invested prints 21% in year one, and rental yield reads 7.5% against a $345,750 entry. Equity gained on principal adds $2,231/yr, while 5% annual appreciation compiles into $95,524 by year five. Five-year ROI reaches 108.41% and total cumulative return in cash sums $124,260. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,162/mo property income covering a $1,692/mo payment, not borrower’s personal income.
Single Family
Built in 2023
1.13 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29385, Wellford, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,022 (100%) |
| Owner Occupied HU | 2,850 (70.9%) |
| Renter Occupied HU | 799 (19.9%) |
| Vacant Housing Units | 373 ( 9.3%) |
| Median Home Value | $242,413 |
| Average Home Value | $274,051 |
Housing Distribution
Address Breakdown
Residential
3,821
Single Family
3,821
Multi-Family
0
Businesses
144
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Listed by: Stan McAlister • McAlister Realty
Mls Name: Greater Greenville AOR
Mls Provider:
Mls ID: #1482067
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