1303 E River 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
Rental property for sale in Anderson at 1303 E River St, Anderson, SC, 29624 priced at $190,000 converts $1,514/mo rent into $232/mo cash flow after a $930/mo obligation. Total monthly income equals $1,514/mo, and annual cash flow totals $2,784/yr on $62,985 invested. Return on cash invested prints 24.33% in year one, and rental yield reads 9.56% against a $190,000 entry. Equity gained on principal adds $1,226/yr, while 5% annual appreciation compiles into $52,494 by year five. Five-year ROI reaches 127.36% and total cumulative return in cash sums $80,220. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,514/mo property income covering a $930/mo payment, not borrower’s personal income.
Single Family
Built in N/A
0.41 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: Braxton Sheriff • Real Broker, LLC
Mls Name: Greater Greenville AOR
Mls Provider:
Mls ID: #1541693
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.