1229 Kinard StNewberrySC29108
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
Investment property for sale in Newberry at 1229 Kinard St, Newberry, SC, 29108 offers a 9.6% rental yield on a $158,900 purchase with $1,271/mo rent. Total monthly income registers $1,271/mo, and a $778/mo payment leaves $325/mo available for distribution. Annual cash flow reaches $3,898/yr on $52,675 to close, and return on cash invested stands at 27.31% in year one. Equity gained on principal adds $1,025/yr while 5% annual appreciation supports $43,901 over five years. Portfolio math shows five-year ROI at 142.23% and total cumulative return in cash at $74,920. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,271/mo property income against a $778/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29108, Newberry, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,970 (100%) |
| Owner Occupied HU | 5,182 (57.8%) |
| Renter Occupied HU | 2,673 (29.8%) |
| Vacant Housing Units | 1,115 (12.4%) |
| Median Home Value | $161,590 |
| Average Home Value | $206,277 |
Housing Distribution
Address Breakdown
Residential
8,283
Single Family
8,009
Multi-Family
274
Businesses
897
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Listed by: Charles Bordner • eXp Realty LLC
Mls Name: Consolidated MLS
Mls ID: #622140