SULLIVAN Plan, Harvest RidgeConwaySC29527
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 Conway at SULLIVAN Plan, Harvest Ridge, Conway, SC, 29527 priced at $239,490 converts $2,186/mo rent into $761/mo cash flow after a $1,172/mo obligation. Total monthly income equals $2,186/mo, and annual cash flow totals $9,126/yr on $79,391 invested. Return on cash invested prints 31.4% in year one, and rental yield reads 10.95% against a $239,490 entry. Equity gained on principal adds $1,545/yr, while 5% annual appreciation compiles into $66,167 by year five. Five-year ROI reaches 164.21% and total cumulative return in cash sums $130,366. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,186/mo property income covering a $1,172/mo payment, not borrower’s personal income.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29527, Conway, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,782 (100%) |
| Owner Occupied HU | 8,996 (70.4%) |
| Renter Occupied HU | 2,647 (20.7%) |
| Vacant Housing Units | 1,139 ( 8.9%) |
| Median Home Value | $235,631 |
| Average Home Value | $273,352 |
Housing Distribution
Address Breakdown
Residential
12,404
Single Family
12,098
Multi-Family
306
Businesses
247
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Listed by: Harvest Ridge • D.R. Horton - Myrtle Beach
Mls Name: DR Horton
Mls Provider:
Mls ID: #N/A