205 N Georgia AveChesneeSC29323
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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 Chesnee at 205 N Georgia Ave, Chesnee, SC, 29323 uses $43,095 cash to close to unlock $5,405/yr annual cash flow and $450/mo monthly cash flow. Total monthly income runs $1,224/mo, and a $636/mo payment keeps the spread at $450/mo. Purchase price stands at $130,000, and rental yield measures 11.3% with $1,224/mo rent. Return on cash invested shows 32.45% in year one, and 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 169.86% and total cumulative return in cash records $73,203. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,224/mo property income covering a $636/mo payment rather than investor’s personal income.
Single Family
Built in 1950
0.39 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: Amanda Mershon • BHHS C Dan Joyner - Sptbg
Mls Name: SAR
Mls ID: #332566