120 Allendale CirAndersonSC29626
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 120 Allendale Cir, Anderson, SC, 29626 priced at $109,900 converts $858/mo rent into $204/mo cash flow after a $538/mo obligation. Total monthly income equals $858/mo, and annual cash flow totals $2,444/yr on $36,432 invested. Return on cash invested prints 26.62% in year one, and rental yield reads 9.37% against a $109,900 entry. Equity gained on principal adds $709/yr, while 5% annual appreciation compiles into $30,363 by year five. Five-year ROI reaches 138.55% and total cumulative return in cash sums $50,476. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $858/mo property income covering a $538/mo payment, not borrower’s personal income.
Manufactured
Built in 1991
1.07 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29626, Anderson, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,348 (100%) |
| Owner Occupied HU | 4,567 (71.9%) |
| Renter Occupied HU | 1,078 (17.0%) |
| Vacant Housing Units | 703 (11.1%) |
| Median Home Value | $267,678 |
| Average Home Value | $304,614 |
Housing Distribution
Address Breakdown
Residential
6,151
Single Family
5,977
Multi-Family
174
Businesses
204
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rita Simons • Simons Realty
Mls Name: My State MLS
Mls ID: #11569587