505 Cathcart 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 505 Cathcart Dr, Anderson, SC, 29624 earns $355/mo cash flow from $1,159/mo rent with a $661/mo payment. Total monthly income totals $1,159/mo, and annual cash flow totals $4,262/yr on $44,753 capital. ROI tracks 29.43% on current figures, and rental yield reads 10.3% at a $135,000 purchase. Equity gained on principal adds $871/yr, and 5% annual appreciation supports $37,298 over five years. Five-year ROI reaches 153.73% and total cumulative return in cash sums $68,797. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,159/mo property income instead of your personal income.
Single Family
Built in N/A
N/A 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: Hannah Johnson • Bluefield Realty Group
Mls Name: WUMLS
Mls ID: #20296149