1304 Silas StNewberrySC29108
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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 Newberry at 1304 Silas St, Newberry, SC, 29108 generates $1,191/mo in rent and, after a $734/mo payment, leaves $298/mo in cash flow. Total monthly income is $1,191/mo, and annual cash flow is $3,579/yr on $49,725 invested. Return on cash invested sits at 27.11% in year one, and rental yield is 9.53% on a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 141.21% and total cumulative return in cash sums $70,218. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,191/mo property income rather than buyer’s personal income.
Single Family
Built in 1955
0.30 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: R Lemont Glasgow • Linda Renwick Realty Inc
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #600602
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC