501 Cromer RdAndersonSC29624
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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 501 Cromer Rd, Anderson, SC, 29624 uses $36,283 cash to close to unlock $1,996/yr annual cash flow and $166/mo monthly cash flow. Total monthly income runs $878/mo, and a $536/mo payment keeps the spread at $166/mo. Purchase price stands at $109,450, and rental yield measures 9.63% with $878/mo rent. Return on cash invested shows 25.41% in year one, and 5% annual appreciation builds toward $30,239 over five years. Five-year ROI reaches 132.88% and total cumulative return in cash records $48,211. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $878/mo property income covering a $536/mo payment rather than investor’s personal income.
Manufactured
Built in N/A
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29624, Anderson, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,958 (100%) |
| Owner Occupied HU | 3,421 (49.2%) |
| Renter Occupied HU | 2,679 (38.5%) |
| Vacant Housing Units | 858 (12.3%) |
| Median Home Value | $96,027 |
| Average Home Value | $198,631 |
Housing Distribution
Address Breakdown
Residential
6,260
Single Family
6,049
Multi-Family
211
Businesses
751
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Listed by: Justin Bailey • Century 21 Blackwell & Co - Greenville
Mls Name: WUMLS
Mls Provider:
Mls ID: #20288232
Disclaimer: The data relating to real estate for sale on this Web site comes in part from the Broker Reciprocity Program of the Western Upstate Association of REALTORS, Inc. and the Western Upstate Multiple Listing Service, Inc This information is deemed reliable, but not guaranteed. Neither, the Western Upstate Association of REALTORS, Inc. or Western Upstate Multiple Listing Service of South Carolina, Inc., nor the listing broker, nor their agents or subagents are responsible for the accuracy of the information. The buyer is responsible for verifying all information. This information is provided by the Western Upstate Association of REALTORS, Inc. and Western Upstate Multiple Listing Service of South Carolina, Inc. for use by its members and is not intended for the use for any other purpose.