2394 Old Newberry HwyNewberrySC29178
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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 Newberry at 2394 Old Newberry Hwy, Newberry, SC, 29178 generates $2,977/mo in rent, after a $3,035/mo payment. Total monthly income is $2,977/mo. Return on cash invested sits at 15.86% in year one, and rental yield is 5.76% on a $620,000 entry. Equity gained on principal adds $4,001/yr, while 5% annual appreciation builds toward $171,295 over five years. Five-year ROI reaches 80.77% and total cumulative return in cash sums $164,763. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,977/mo property income rather than buyer’s personal income.
Single Family
Built in 2020
16.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29178, Whitmire, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,657 (100%) |
| Owner Occupied HU | 1,022 (61.7%) |
| Renter Occupied HU | 295 (17.8%) |
| Vacant Housing Units | 340 (20.5%) |
| Median Home Value | $90,714 |
| Average Home Value | $137,781 |
Housing Distribution
Address Breakdown
Residential
1,459
Single Family
1,459
Multi-Family
0
Businesses
94
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Listed by: Emilee Tobias • ERA Wilder Realty
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #599147
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC