500 Tennessee AveNew EllentonSC29809
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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 New Ellenton at 500 Tennessee Ave, New Ellenton, SC, 29809 priced at $279,900 converts $1,673/mo rent into $7/mo cash flow after a $1,370/mo obligation. Total monthly income equals $1,673/mo, and annual cash flow totals $81/yr on $92,787 invested. Return on cash invested prints 20% in year one, and rental yield reads 7.17% against a $279,900 entry. Equity gained on principal adds $1,806/yr, while 5% annual appreciation compiles into $77,331 by year five. Five-year ROI reaches 103.01% and total cumulative return in cash sums $95,581. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,673/mo property income covering a $1,370/mo payment, not borrower’s personal income.
Single Family
Built in 1950
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29809, New Ellenton, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,290 (100%) |
| Owner Occupied HU | 908 (70.4%) |
| Renter Occupied HU | 249 (19.3%) |
| Vacant Housing Units | 133 (10.3%) |
| Median Home Value | $211,818 |
| Average Home Value | $379,369 |
Housing Distribution
Address Breakdown
Residential
1,022
Single Family
1,022
Multi-Family
0
Businesses
111
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Listed by: Daniel L Minolfo • Real Broker LLC/Aiken
Mls Name: Aiken MLS
Mls ID: #220341