209 Sanders StHonea PathSC29654
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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 Honea Path at 209 Sanders St, Honea Path, SC, 29654 uses $62,985 cash to close to unlock $3,107/yr annual cash flow and $259/mo monthly cash flow. Total monthly income runs $1,390/mo, and a $930/mo payment keeps the spread at $259/mo. Purchase price stands at $190,000, and rental yield measures 8.78% with $1,390/mo rent. Return on cash invested shows 24.84% in year one, and 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 128.98% and total cumulative return in cash records $81,240. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,390/mo property income covering a $930/mo payment rather than investor’s personal income.
Manufactured
Built in 1995
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29654, Honea Path, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,585 (100%) |
| Owner Occupied HU | 3,333 (72.7%) |
| Renter Occupied HU | 805 (17.6%) |
| Vacant Housing Units | 447 ( 9.7%) |
| Median Home Value | $196,450 |
| Average Home Value | $227,286 |
Housing Distribution
Address Breakdown
Residential
4,334
Single Family
4,334
Multi-Family
0
Businesses
243
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Listed by: WILLIAM McDANIEL • McDaniel & Company
Mls Name: SAR
Mls ID: #329418