306 Elder RdChesneeSC29323
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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 Chesnee at 306 Elder Rd, Chesnee, SC, 29323 priced at $379,900 converts $1,932/mo rent into after a $1,859/mo obligation. Total monthly income equals $1,932/mo. Return on cash invested prints 16.77% in year one, and rental yield reads 6.1% against a $379,900 entry. Equity gained on principal adds $2,451/yr, while 5% annual appreciation compiles into $104,959 by year five. Five-year ROI reaches 85.71% and total cumulative return in cash sums $107,945. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,932/mo property income covering a $1,859/mo payment, not borrower’s personal income.
Single Family
Built in 1900
1.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29323, Chesnee, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,207 (100%) |
| Owner Occupied HU | 5,516 (76.5%) |
| Renter Occupied HU | 1,222 (17.0%) |
| Vacant Housing Units | 469 ( 6.5%) |
| Median Home Value | $241,571 |
| Average Home Value | $280,371 |
Housing Distribution
Address Breakdown
Residential
7,074
Single Family
7,074
Multi-Family
0
Businesses
251
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Listed by: Mitzi B Kirsch • Century 21 Blackwell & Co
Mls Name: SAR
Mls ID: #332817