1616 Meadowbrook CirAndersonSC29624
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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
Rental property for sale in Anderson at 1616 Meadowbrook Cir, Anderson, SC, 29624 offers $1,219/mo rent that, after a $617/mo payment, leaves $469/mo cash flow. Total monthly income is $1,219/mo, and annual cash flow is $5,624/yr on $41,769 cash. Return on cash invested measures 33.37% in year one, and rental yield stands at 11.61% at a $126,000 entry. Equity gained on principal adds $813/yr while 5% annual appreciation compounds into $34,811 by year five. Five-year ROI records 174.81% and total cumulative return in cash reaches $73,015. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,219/mo property income versus a $617/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1948
0.33 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: Heidi McConnell • Greenwood Realty Inc.
Mls Name: MLS Of Greenwood Sc Inc.
Mls ID: #134525