1009 Spruce StAikenSC29803
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
Investment property for sale in Aiken at 1009 Spruce St, Aiken, SC, 29803 with 5% annual appreciation on a $109,000 basis while $860/mo rent supports operations. Total monthly income totals $860/mo and a $534/mo payment preserves $211/mo for cash returns. Annual cash flow comes to $2,528/yr on $36,134 deployed, and return on cash invested reaches 26.9% in year one. Equity gained on principal adds $703/yr, and five-year appreciation sums $30,115 alongside rental yield of 9.47%. Five-year ROI measures 140.07% and total cumulative return in cash totals $50,614.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $860/mo property income versus a $534/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1952
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29803, Aiken, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,169 (100%) |
| Owner Occupied HU | 15,226 (75.5%) |
| Renter Occupied HU | 3,539 (17.5%) |
| Vacant Housing Units | 1,404 ( 7.0%) |
| Median Home Value | $318,457 |
| Average Home Value | $356,519 |
Housing Distribution
Address Breakdown
Residential
19,802
Single Family
19,123
Multi-Family
679
Businesses
904
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Listed by: Brian Katonak • Starnes Realty
Mls Name: Aiken MLS
Mls ID: #218527