2317 Main StNewberrySC29108
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Newberry at 2317 Main St, Newberry, SC, 29108 priced at $215,000 converts $1,649/mo rent into $356/mo cash flow after a $1,052/mo obligation. Total monthly income equals $1,649/mo, and annual cash flow totals $4,270/yr on $71,273 invested. Return on cash invested prints 25.9% in year one, and rental yield reads 9.2% against a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation compiles into $59,401 by year five. Five-year ROI reaches 134.73% and total cumulative return in cash sums $96,025. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,649/mo property income covering a $1,052/mo payment, not borrower’s personal income.
Single Family
Built in 1953
0.25 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: Heidi W Brown • EXIT Real Est Consultants
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #604872
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC