505 Woodmont CirAndersonSC29624
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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 Woodmont Cir, Anderson, SC, 29624 listed at $109,900 pairs $1,603/mo rent with a $538/mo payment to leave $949/mo cash flow. Total monthly income runs $1,603/mo, and annual cash flow reaches $11,384/yr on $36,432 cash to close. Return on cash invested measures 51.16% in year one, and rental yield registers 17.5% at a $109,900 basis. Equity gained on principal adds $709/yr, and annual property appreciation at 5% supports $30,363 by year five. Five-year ROI tracks 270.1% and total cumulative return in cash totals $98,404. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,603/mo property income relative to a $538/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
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: Latonia Crowe • Delta Real Estate, LLC
Mls Name: WUMLS
Mls Provider:
Mls ID: #20282769
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.