108 Cherry RdChesneeSC29323
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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 Chesnee at 108 Cherry Rd, Chesnee, SC, 29323 offers $1,968/mo rent that, after a $1,224/mo payment, leaves $479/mo cash flow. Total monthly income is $1,968/mo, and annual cash flow is $5,753/yr on $82,875 cash. Return on cash invested measures 26.85% in year one, and rental yield stands at 9.45% at a $249,999 entry. Equity gained on principal adds $1,613/yr while 5% annual appreciation compounds into $69,070 by year five. Five-year ROI records 139.78% and total cumulative return in cash reaches $115,846. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,968/mo property income versus a $1,224/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1974
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29323, Chesnee, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,207 (100%) |
| Owner Occupied HU | 5,516 (76.5%) |
| Renter Occupied HU | 1,222 (17.0%) |
| Vacant Housing Units | 469 ( 6.5%) |
| Median Home Value | $241,571 |
| Average Home Value | $280,371 |
Housing Distribution
Address Breakdown
Residential
7,074
Single Family
7,074
Multi-Family
0
Businesses
251
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Listed by: Preston Inglee • Century 21 Blackwell & Co
Mls Name: Greater Greenville AOR
Mls Provider:
Mls ID: #1552429
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.