205 Latimer RdAndersonSC29626
Nearby investment properties with comparable rents
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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 Anderson at 205 Latimer Rd, Anderson, SC, 29626 priced at $229,000 converts $1,307/mo rent into after a $1,121/mo obligation. Total monthly income equals $1,307/mo. Return on cash invested prints 19.02% in year one, and rental yield reads 6.85% against a $229,000 entry. Equity gained on principal adds $1,478/yr, while 5% annual appreciation compiles into $63,268 by year five. Five-year ROI reaches 97.78% and total cumulative return in cash sums $74,225. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,307/mo property income covering a $1,121/mo payment, not borrower’s personal income.
Single Family
Built in N/A
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29626, Anderson, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,348 (100%) |
| Owner Occupied HU | 4,567 (71.9%) |
| Renter Occupied HU | 1,078 (17.0%) |
| Vacant Housing Units | 703 (11.1%) |
| Median Home Value | $267,678 |
| Average Home Value | $304,614 |
Housing Distribution
Address Breakdown
Residential
6,151
Single Family
5,977
Multi-Family
174
Businesses
204
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Nearby investment properties with comparable prices
Listed by: Wuindy Rodriguez • Keller Williams Grv Upst
Mls Name: Greater Greenville AOR
Mls ID: #1573859