702 Serene DrWaterlooSC29384
Nearby investment properties with comparable rents
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 Waterloo at 702 Serene Dr, Waterloo, SC, 29384 offers $1,390/mo rent that, after a $974/mo payment, leaves $205/mo cash flow. Total monthly income is $1,390/mo, and annual cash flow is $2,465/yr on $65,969 cash. Return on cash invested measures 23.65% in year one, and rental yield stands at 8.38% at a $199,000 entry. Equity gained on principal adds $1,284/yr while 5% annual appreciation compounds into $54,980 by year five. Five-year ROI records 122.61% and total cumulative return in cash reaches $80,886. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,390/mo property income versus a $974/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in N/A
1.08 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29384, Waterloo, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,693 (100%) |
| Owner Occupied HU | 1,597 (59.3%) |
| Renter Occupied HU | 296 (11.0%) |
| Vacant Housing Units | 800 (29.7%) |
| Median Home Value | $206,618 |
| Average Home Value | $221,493 |
Housing Distribution
Address Breakdown
Residential
2,067
Single Family
2,067
Multi-Family
0
Businesses
32
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Listed by: Jason Paxton • BHHS C Dan Joyner - Midtown
Mls Name: Greater Greenville AOR
Mls ID: #1574720