180 Old Bear Creek RdChesneeSC29323
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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 Chesnee at 180 Old Bear Creek Rd, Chesnee, SC, 29323 priced at $245,950 converts $2,207/mo rent into $743/mo cash flow after a $1,204/mo obligation. Total monthly income equals $2,207/mo, and annual cash flow totals $8,912/yr on $81,532 invested. Return on cash invested prints 30.84% in year one, and rental yield reads 10.77% against a $245,950 entry. Equity gained on principal adds $1,587/yr, while 5% annual appreciation compiles into $67,951 by year five. Five-year ROI reaches 161.16% and total cumulative return in cash sums $131,398. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,207/mo property income covering a $1,204/mo payment, not borrower’s personal income.
Manufactured
Built in 2005
1.07 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
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Listed by: Dennis Kitchko • iList Realty
Mls Name: Greater Greenville AOR
Mls Provider:
Mls ID: #1570054
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.