1520 E Cherokee StChesneeSC29323
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play1520 E Cherokee St, Chesnee, SC, 29323 in Chesnee is priced for appreciation, not yield. Rental yield 3.95%. At $685,000 with a 3.95% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $189,253 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (0.73) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets. Total projected cumulative return: $141,812.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 4% | 6.2% |
| Monthly Cash Flow | $(1,823) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,255 |
| Total Monthly Debt Service | $3,805 |
| DSCR Ratio | 0.59x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2015
13.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29323, Chesnee, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,207 (100%) |
| Owner Occupied HU | 5,516 (76.5%) |
| Renter Occupied HU | 1,222 (17.0%) |
| Vacant Housing Units | 469 ( 6.5%) |
| Median Home Value | $241,571 |
| Average Home Value | $280,371 |
Housing Distribution
Address Breakdown
Residential
7,074
Single Family
7,074
Multi-Family
0
Businesses
251
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
Single Family
Built in 2015
13.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29323, Chesnee, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,207 (100%) |
| Owner Occupied HU | 5,516 (76.5%) |
| Renter Occupied HU | 1,222 (17.0%) |
| Vacant Housing Units | 469 ( 6.5%) |
| Median Home Value | $241,571 |
| Average Home Value | $280,371 |
Housing Distribution
Address Breakdown
Residential
7,074
Single Family
7,074
Multi-Family
0
Businesses
251
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Wendi Hinson • Keller Williams Realty
Mls Name: SAR
Mls Provider:
Mls ID: #321207
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.