307 Cherrwood DrWestminsterSC29693
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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 Westminster at 307 Cherrwood Dr, Westminster, SC, 29693 priced at $549,900 converts $2,593/mo rent into after a $2,691/mo obligation. Total monthly income equals $2,593/mo. Return on cash invested prints 15.55% in year one, and rental yield reads 5.66% against a $549,900 entry. Equity gained on principal adds $3,548/yr, while 5% annual appreciation compiles into $151,927 by year five. Five-year ROI reaches 79.15% and total cumulative return in cash sums $143,198. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,593/mo property income covering a $2,691/mo payment, not borrower’s personal income.
Single Family
Built in 2001
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29693, Westminster, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,628 (100%) |
| Owner Occupied HU | 5,014 (65.7%) |
| Renter Occupied HU | 1,049 (13.8%) |
| Vacant Housing Units | 1,565 (20.5%) |
| Median Home Value | $201,287 |
| Average Home Value | $262,060 |
Housing Distribution
Address Breakdown
Residential
6,839
Single Family
6,789
Multi-Family
50
Businesses
335
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Listed by: Heather Wood • Keller Williams Oconee
Mls Name: WUMLS
Mls ID: #20296138