302 Fallstaff StAndersonSC29624
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 Anderson at 302 Fallstaff St, Anderson, SC, 29624 offers $1,620/mo rent that, after a $827/mo payment, leaves $614/mo cash flow. Total monthly income is $1,620/mo, and annual cash flow is $7,371/yr on $55,990 cash. Return on cash invested measures 33.07% in year one, and rental yield stands at 11.51% at a $168,900 entry. Equity gained on principal adds $1,090/yr while 5% annual appreciation compounds into $46,664 by year five. Five-year ROI records 173.19% and total cumulative return in cash reaches $96,972. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,620/mo property income versus a $827/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29624, Anderson, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,958 (100%) |
| Owner Occupied HU | 3,421 (49.2%) |
| Renter Occupied HU | 2,679 (38.5%) |
| Vacant Housing Units | 858 (12.3%) |
| Median Home Value | $96,027 |
| Average Home Value | $198,631 |
Housing Distribution
Address Breakdown
Residential
6,260
Single Family
6,049
Multi-Family
211
Businesses
751
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Listed by: Michael Carithers • Carithers Real Estate
Mls Name: WUMLS
Mls ID: #20291885