109 Cheek StAndersonSC29624
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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
Investment property for sale in Anderson at 109 Cheek St, Anderson, SC, 29624 with 5% annual appreciation on a $159,900 basis while $1,126/mo rent supports operations. Total monthly income totals $1,126/mo and a $783/mo payment preserves $174/mo for cash returns. Annual cash flow comes to $2,085/yr on $53,007 deployed, and return on cash invested reaches 23.84% in year one. Equity gained on principal adds $1,032/yr, and five-year appreciation sums $44,177 alongside rental yield of 8.45%. Five-year ROI measures 123.62% and total cumulative return in cash totals $65,526.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,126/mo property income versus a $783/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 1995
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29624, Anderson, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,958 (100%) |
| Owner Occupied HU | 3,421 (49.2%) |
| Renter Occupied HU | 2,679 (38.5%) |
| Vacant Housing Units | 858 (12.3%) |
| Median Home Value | $96,027 |
| Average Home Value | $198,631 |
Housing Distribution
Address Breakdown
Residential
6,260
Single Family
6,049
Multi-Family
211
Businesses
751
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Listed by: Kurt Brooks • Cantrell & Associates
Mls Name: Greater Greenville AOR
Mls Provider:
Mls ID: #1548388
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.