34623 State Highway 34NewberrySC29037
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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 Newberry at 34623 State Highway 34, Newberry, SC, 29037 generates $0/mo in rent, after a $3,402/mo payment. Total monthly income is $0/mo. Return on cash invested sits at -1.65% in year one, and rental yield is 0% on a $695,000 entry. Equity gained on principal adds $4,485/yr, while 5% annual appreciation builds toward $192,016 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $0/mo property income rather than buyer’s personal income.
Single Family
Built in 1984
37.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29037, Chappells, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 599 (100%) |
| Owner Occupied HU | 326 (54.4%) |
| Renter Occupied HU | 56 ( 9.3%) |
| Vacant Housing Units | 217 (36.2%) |
| Median Home Value | $171,296 |
| Average Home Value | $246,281 |
Housing Distribution
Address Breakdown
Residential
498
Single Family
498
Multi-Family
0
Businesses
17
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No similar rental properties found nearby.
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Listed by: Jason McClendon • McClendon Realty LLC
Mls Name: MLS Of Greenwood Sc Inc.
Mls ID: #134825