306 Lexington StChesneeSC29323
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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 Lexington St, Chesnee, SC, 29323 priced at $258,900 converts $986/mo rent into after a $1,267/mo obligation. Total monthly income equals $986/mo. Return on cash invested prints 12.15% in year one, and rental yield reads 4.57% against a $258,900 entry. Equity gained on principal adds $1,671/yr, while 5% annual appreciation compiles into $71,529 by year five. Five-year ROI reaches 60.9% and total cumulative return in cash sums $52,268. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $986/mo property income covering a $1,267/mo payment, not borrower’s personal income.
Single Family
Built in 2026
6,098 sqft 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: Kathy Klochko • Affinity Group Realty
Mls Name: SAR
Mls ID: #332464