302 Northlake DrAndersonSC29625
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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 Anderson at 302 Northlake Dr, Anderson, SC, 29625 priced at $130,000 converts $1,903/mo rent into $1,102/mo cash flow after a $636/mo obligation. Total monthly income equals $1,903/mo, and annual cash flow totals $13,223/yr on $43,095 invested. Return on cash invested prints 50.59% in year one, and rental yield reads 17.57% against a $130,000 entry. Equity gained on principal adds $839/yr, while 5% annual appreciation compiles into $35,917 by year five. Five-year ROI reaches 267.38% and total cumulative return in cash sums $115,227. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,903/mo property income covering a $636/mo payment, not borrower’s personal income.
Condo
Built in 1989
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29625, Anderson, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,668 (100%) |
| Owner Occupied HU | 9,318 (63.5%) |
| Renter Occupied HU | 3,934 (26.8%) |
| Vacant Housing Units | 1,416 ( 9.7%) |
| Median Home Value | $253,495 |
| Average Home Value | $329,244 |
Housing Distribution
Address Breakdown
Residential
13,807
Single Family
12,938
Multi-Family
869
Businesses
706
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Listed by: Joshua Chiu • ChuckTown Homes PB KW
Mls Name: Greater Greenville AOR
Mls Provider:
Mls ID: #1570671
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.