324 Cherokee Falls RdBlacksburgSC29702
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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
Investment property for sale in Blacksburg at 324 Cherokee Falls Rd, Blacksburg, SC, 29702 with 5% annual appreciation on a $224,900 basis while $1,526/mo rent supports operations. Total monthly income totals $1,526/mo and a $1,101/mo payment preserves $187/mo for cash returns. Annual cash flow comes to $2,244/yr on $74,554 deployed, and return on cash invested reaches 22.92% in year one. Equity gained on principal adds $1,451/yr, and five-year appreciation sums $62,136 alongside rental yield of 8.14%. Five-year ROI measures 118.66% and total cumulative return in cash totals $88,465.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,526/mo property income versus a $1,101/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 2023
1.19 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29702, Blacksburg, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,531 (100%) |
| Owner Occupied HU | 3,184 (70.3%) |
| Renter Occupied HU | 949 (20.9%) |
| Vacant Housing Units | 398 ( 8.8%) |
| Median Home Value | $174,119 |
| Average Home Value | $197,639 |
Housing Distribution
Address Breakdown
Residential
4,480
Single Family
4,478
Multi-Family
2
Businesses
285
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Listed by: PRESTON INGLEE • Century 21 Blackwell & Co
Mls Name: SAR
Mls ID: #329396