693-699 Neighborhood RdWellfordSC29385
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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 693-699 Neighborhood Rd, Wellford, SC, 29385 generates $1,748/mo in rent, after a $4,208/mo payment. Total monthly income is $1,748/mo. Return on cash invested sits at 5.76% in year one, and rental yield is 2.44% on a $859,650 entry. Equity gained on principal adds $5,547/yr, while 5% annual appreciation builds toward $237,505 over five years. Five-year ROI reaches 26.65% and total cumulative return in cash sums $75,363. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,748/mo property income rather than buyer’s personal income.
Multi Family
Built in 2023
1.25 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: Marina Bodem • Keller Williams Realty
Mls Name: SAR
Mls Provider:
Mls ID: #319179
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.