418 N Alabama AveChesneeSC29323
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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 Chesnee at 418 N Alabama Ave, Chesnee, SC, 29323 uses $107,572 cash to close to unlock $3,223/yr annual cash flow and $269/mo monthly cash flow. Total monthly income runs $2,200/mo, and a $1,588/mo payment keeps the spread at $269/mo. Purchase price stands at $324,500, and rental yield measures 8.14% with $2,200/mo rent. Return on cash invested shows 22.9% in year one, and 5% annual appreciation builds toward $89,653 over five years. Five-year ROI reaches 118.61% and total cumulative return in cash records $127,596. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,200/mo property income covering a $1,588/mo payment rather than investor’s personal income.
Single Family
Built in 1951
0.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29323, Chesnee, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,207 (100%) |
| Owner Occupied HU | 5,516 (76.5%) |
| Renter Occupied HU | 1,222 (17.0%) |
| Vacant Housing Units | 469 ( 6.5%) |
| Median Home Value | $241,571 |
| Average Home Value | $280,371 |
Housing Distribution
Address Breakdown
Residential
7,074
Single Family
7,074
Multi-Family
0
Businesses
251
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Listed by: Michael Simonetti • Coldwell Banker Caine Real Est
Mls Name: SAR
Mls Provider:
Mls ID: #324365
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.