103 Farmer StAndersonSC29621
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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 Anderson at 103 Farmer St, Anderson, SC, 29621 priced at $130,000 converts $988/mo rent into $177/mo cash flow after a $636/mo obligation. Total monthly income equals $988/mo, and annual cash flow totals $2,130/yr on $43,095 invested. Return on cash invested prints 24.85% in year one, and rental yield reads 9.12% against a $130,000 entry. Equity gained on principal adds $839/yr, while 5% annual appreciation compiles into $35,917 by year five. Five-year ROI reaches 129.46% and total cumulative return in cash sums $55,791. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $988/mo property income covering a $636/mo payment, not borrower’s personal income.
Single Family
Built in 1950
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29621, Anderson, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,771 (100%) |
| Owner Occupied HU | 14,049 (71.1%) |
| Renter Occupied HU | 4,410 (22.3%) |
| Vacant Housing Units | 1,312 ( 6.6%) |
| Median Home Value | $309,105 |
| Average Home Value | $353,657 |
Housing Distribution
Address Breakdown
Residential
19,047
Single Family
17,056
Multi-Family
1,991
Businesses
1,494
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Listed by: William L Still • C 21 Blackwell & Co
Mls Name: SAR
Mls Provider:
Mls ID: #327700
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.