508 Old York RdChesterSC29706
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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 Chester at 508 Old York Rd, Chester, SC, 29706 with 5% annual appreciation on a $180,000 basis while $1,609/mo rent supports operations. Total monthly income totals $1,609/mo and a $881/mo payment preserves $538/mo for cash returns. Annual cash flow comes to $6,450/yr on $59,670 deployed, and return on cash invested reaches 30.72% in year one. Equity gained on principal adds $1,162/yr, and five-year appreciation sums $49,731 alongside rental yield of 10.73%. Five-year ROI measures 160.53% and total cumulative return in cash totals $95,789.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,609/mo property income versus a $881/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1930
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29706, Chester, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,796 (100%) |
| Owner Occupied HU | 5,818 (66.1%) |
| Renter Occupied HU | 2,017 (22.9%) |
| Vacant Housing Units | 961 (10.9%) |
| Median Home Value | $164,274 |
| Average Home Value | $217,998 |
Housing Distribution
Address Breakdown
Residential
8,258
Single Family
8,236
Multi-Family
22
Businesses
723
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Listed by: Melanie Lee • Southern Properties Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4309472