1106 Northlake DrAndersonSC29625
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 Anderson at 1106 Northlake Dr, Anderson, SC, 29625 priced at $177,000 converts $1,672/mo rent into $523/mo cash flow after a $866/mo obligation. Total monthly income equals $1,672/mo, and annual cash flow totals $6,274/yr on $58,676 invested. Return on cash invested prints 30.6% in year one, and rental yield reads 11.34% against a $177,000 entry. Equity gained on principal adds $1,142/yr, while 5% annual appreciation compiles into $48,902 by year five. Five-year ROI reaches 160.6% and total cumulative return in cash sums $94,235. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,672/mo property income covering a $866/mo payment, not borrower’s personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29625, Anderson, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,668 (100%) |
| Owner Occupied HU | 9,318 (63.5%) |
| Renter Occupied HU | 3,934 (26.8%) |
| Vacant Housing Units | 1,416 ( 9.7%) |
| Median Home Value | $253,495 |
| Average Home Value | $329,244 |
Housing Distribution
Address Breakdown
Residential
13,807
Single Family
12,938
Multi-Family
869
Businesses
706
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Nearby investment properties with comparable prices
Listed by: Jacqueline Morini • Adly Group Realty
Mls Name: WUMLS
Mls Provider:
Mls ID: #20283475
Disclaimer: The data relating to real estate for sale on this Web site comes in part from the Broker Reciprocity Program of the Western Upstate Association of REALTORS, Inc. and the Western Upstate Multiple Listing Service, Inc This information is deemed reliable, but not guaranteed. Neither, the Western Upstate Association of REALTORS, Inc. or Western Upstate Multiple Listing Service of South Carolina, Inc., nor the listing broker, nor their agents or subagents are responsible for the accuracy of the information. The buyer is responsible for verifying all information. This information is provided by the Western Upstate Association of REALTORS, Inc. and Western Upstate Multiple Listing Service of South Carolina, Inc. for use by its members and is not intended for the use for any other purpose.