1200 S Main 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 1200 S Main St, Anderson, SC, 29624 uses $138,136 cash to close to unlock $11,349/yr annual cash flow and $946/mo monthly cash flow. Total monthly income runs $3,874/mo, and a $2,040/mo payment keeps the spread at $946/mo. Purchase price stands at $416,700, and rental yield measures 11.16% with $3,874/mo rent. Return on cash invested shows 28.12% in year one, and 5% annual appreciation builds toward $115,127 over five years. Five-year ROI reaches 148% and total cumulative return in cash records $204,447. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,874/mo property income covering a $2,040/mo payment rather than investor’s personal income.
Single Family
Built in 1920
0.85 Acres 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: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A