231 Lookover DrAndersonSC29621
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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 Anderson at 231 Lookover Dr, Anderson, SC, 29621 offers a 11.43% rental yield on a $165,000 purchase with $1,572/mo rent. Total monthly income registers $1,572/mo, and a $808/mo payment leaves $589/mo available for distribution. Annual cash flow reaches $7,073/yr on $54,698 to close, and return on cash invested stands at 32.84% in year one. Equity gained on principal adds $1,065/yr while 5% annual appreciation supports $45,586 over five years. Portfolio math shows five-year ROI at 171.93% and total cumulative return in cash at $94,043. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,572/mo property income against a $808/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2006
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29621, Anderson, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,771 (100%) |
| Owner Occupied HU | 14,049 (71.1%) |
| Renter Occupied HU | 4,410 (22.3%) |
| Vacant Housing Units | 1,312 ( 6.6%) |
| Median Home Value | $309,105 |
| Average Home Value | $353,657 |
Housing Distribution
Address Breakdown
Residential
19,047
Single Family
17,056
Multi-Family
1,991
Businesses
1,494
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Listed by: Rachael Watson • BHHS C Dan Joyner - Spartanburg
Mls Name: WUMLS
Mls ID: #20293805