401 New Hope RdAndersonSC29626
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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 Anderson at 401 New Hope Rd, Anderson, SC, 29626 uses $109,362 cash to close to unlock $6,478/yr annual cash flow and $540/mo monthly cash flow. Total monthly income runs $2,504/mo, and a $1,615/mo payment keeps the spread at $540/mo. Purchase price stands at $329,900, and rental yield measures 9.11% with $2,504/mo rent. Return on cash invested shows 25.83% in year one, and 5% annual appreciation builds toward $91,145 over five years. Five-year ROI reaches 134.29% and total cumulative return in cash records $146,859. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,504/mo property income covering a $1,615/mo payment rather than investor’s personal income.
Single Family
Built in N/A
2.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29626, Anderson, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,348 (100%) |
| Owner Occupied HU | 4,567 (71.9%) |
| Renter Occupied HU | 1,078 (17.0%) |
| Vacant Housing Units | 703 (11.1%) |
| Median Home Value | $267,678 |
| Average Home Value | $304,614 |
Housing Distribution
Address Breakdown
Residential
6,151
Single Family
5,977
Multi-Family
174
Businesses
204
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Listed by: Lauren Gillespie • Western Upstate Keller William
Mls Name: WUMLS
Mls ID: #20291326