404 Fairfax StAndersonSC29625
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
Rental property for sale in Anderson at 404 Fairfax St, Anderson, SC, 29625 priced at $400,000 converts $2,314/mo rent into after a $1,958/mo obligation. Total monthly income equals $2,314/mo. Return on cash invested prints 19.3% in year one, and rental yield reads 6.94% against a $400,000 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation compiles into $110,513 by year five. Five-year ROI reaches 99.27% and total cumulative return in cash sums $131,632. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,314/mo property income covering a $1,958/mo payment, not borrower’s personal income.
Single Family
Built in 2022
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29625, Anderson, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,668 (100%) |
| Owner Occupied HU | 9,318 (63.5%) |
| Renter Occupied HU | 3,934 (26.8%) |
| Vacant Housing Units | 1,416 ( 9.7%) |
| Median Home Value | $253,495 |
| Average Home Value | $329,244 |
Housing Distribution
Address Breakdown
Residential
13,807
Single Family
12,938
Multi-Family
869
Businesses
706
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Nearby investment properties with comparable prices
Listed by: Justin Singletary • Call it Closed International
Mls Name: Consolidated MLS
Mls ID: #624476