2023 Johnstone 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
Investment property for sale in Newberry at 2023 Johnstone St, Newberry, SC, 29108 listed at $299,999 pairs $2,269/mo rent with a $1,468/mo payment to leave $484/mo cash flow. Total monthly income runs $2,269/mo, and annual cash flow reaches $5,802/yr on $99,450 cash to close. Return on cash invested measures 25.74% in year one, and rental yield registers 9.08% at a $299,999 basis. Equity gained on principal adds $1,936/yr, and annual property appreciation at 5% supports $82,884 by year five. Five-year ROI tracks 133.84% and total cumulative return in cash totals $133,104. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,269/mo property income relative to a $1,468/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
0.44 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: Charlene Frazier • EXIT Palmetto Real Estate Serv
Mls Name: Consolidated MLS
Mls ID: #616949