502 Winfield DrAndersonSC29624
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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 502 Winfield Dr, Anderson, SC, 29624 uses $72,897 cash to close to unlock $6,951/yr annual cash flow and $579/mo monthly cash flow. Total monthly income runs $1,888/mo, and a $1,076/mo payment keeps the spread at $579/mo. Purchase price stands at $219,900, and rental yield measures 10.3% with $1,888/mo rent. Return on cash invested shows 29.44% in year one, and 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 153.71% and total cumulative return in cash records $112,048. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,888/mo property income covering a $1,076/mo payment rather than investor’s personal income.
Single Family
Built in 1968
0.72 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: Trish Bowland • Carolina Properties
Mls Name: WUMLS
Mls ID: #20290845