511 Corning StAndersonSC29624
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Anderson at 511 Corning St, Anderson, SC, 29624 priced at $163,500 pairs $1,255/mo rent with $282/mo cash flow after a $800/mo payment. Total monthly income equals $1,255/mo, and annual cash flow comes to $3,384/yr on $54,200 invested. Return on cash invested is 26.15% in year one, and rental yield stands at 9.21% on a $163,500 basis. Equity gained on principal adds $1,055/yr, and 5% annual appreciation accumulates to $45,172 by year five. Five-year ROI measures 135.98% and total cumulative return in cash reaches $73,700. For financing, Ziffy Mortgage’s DSCR program evaluates $1,255/mo property income against a $800/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
0.26 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: At Home Associates • BHHS C Dan Joyner - Anderson
Mls Name: WUMLS
Mls ID: #20292379