116 Laurel Oak DrAndersonSC29621
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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 116 Laurel Oak Dr, Anderson, SC, 29621 generates $2,414/mo in rent and, after a $1,947/mo payment, leaves $46/mo in cash flow. Total monthly income is $2,414/mo, and annual cash flow is $552/yr on $131,871 invested. Return on cash invested sits at 20.33% in year one, and rental yield is 7.28% on a $397,800 entry. Equity gained on principal adds $2,567/yr, while 5% annual appreciation builds toward $109,905 over five years. Five-year ROI reaches 104.75% and total cumulative return in cash sums $138,141. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,414/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
7,405 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: Nick Huscroft • Chosen Realty, LLC
Mls Name: WUMLS
Mls ID: #20290000