6466 Poplar Springs RdWare ShoalsSC29692
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Nearby investment properties with comparable prices
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 Ware Shoals at 6466 Poplar Springs Rd, Ware Shoals, SC, 29692 priced at $349,000 converts $2,701/mo rent into $624/mo cash flow after a $1,708/mo obligation. Total monthly income equals $2,701/mo, and annual cash flow totals $7,484/yr on $115,694 invested. Return on cash invested prints 26.38% in year one, and rental yield reads 9.29% against a $349,000 entry. Equity gained on principal adds $2,252/yr, while 5% annual appreciation compiles into $96,422 by year five. Five-year ROI reaches 137.22% and total cumulative return in cash sums $158,760. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,701/mo property income covering a $1,708/mo payment, not borrower’s personal income.
Single Family
Built in 1968
3.06 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29692, Ware Shoals, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,334 (100%) |
| Owner Occupied HU | 1,482 (63.5%) |
| Renter Occupied HU | 472 (20.2%) |
| Vacant Housing Units | 380 (16.3%) |
| Median Home Value | $108,929 |
| Average Home Value | $164,098 |
Housing Distribution
Address Breakdown
Residential
1,985
Single Family
1,957
Multi-Family
28
Businesses
130
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Listed by: Kellar Lawrence • KELLAR LAWRENCE REAL ESTATE
Mls Name: SAR
Mls Provider:
Mls ID: #313401
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.