40 W Balsam St.AndrewsSC29510
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Andrews at 40 W Balsam St, Andrews, SC, 29510 with 5% annual appreciation on a $229,000 basis while $2,280/mo rent supports operations. Total monthly income totals $2,280/mo and a $1,121/mo payment preserves $917/mo for cash returns. Annual cash flow comes to $11,000/yr on $75,914 deployed, and return on cash invested reaches 34.4% in year one. Equity gained on principal adds $1,478/yr, and five-year appreciation sums $63,268 alongside rental yield of 11.95%. Five-year ROI measures 180.24% and total cumulative return in cash totals $136,829.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,280/mo property income versus a $1,121/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1968
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29510, Andrews, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,783 (100%) |
| Owner Occupied HU | 3,308 (69.2%) |
| Renter Occupied HU | 919 (19.2%) |
| Vacant Housing Units | 556 (11.6%) |
| Median Home Value | $150,212 |
| Average Home Value | $199,631 |
Housing Distribution
Address Breakdown
Residential
4,328
Single Family
4,152
Multi-Family
176
Businesses
314
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Paige B Wheeler • RE/MAX Executive
Mls Name: CCAR
Mls ID: #2522758