531 Thorn Cove DrChesneeSC29323
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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 Chesnee at 531 Thorn Cove Dr, Chesnee, SC, 29323 earns from $2,405/mo rent with a $2,203/mo payment. Total monthly income totals $2,405/mo. ROI tracks 17.7% on current figures, and rental yield reads 6.41% at a $450,000 purchase. Equity gained on principal adds $2,904/yr, and 5% annual appreciation supports $124,327 over five years. Five-year ROI reaches 90.69% and total cumulative return in cash sums $135,294. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,405/mo property income instead of your personal income.
Single Family
Built in 2000
4.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29323, Chesnee, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,207 (100%) |
| Owner Occupied HU | 5,516 (76.5%) |
| Renter Occupied HU | 1,222 (17.0%) |
| Vacant Housing Units | 469 ( 6.5%) |
| Median Home Value | $241,571 |
| Average Home Value | $280,371 |
Housing Distribution
Address Breakdown
Residential
7,074
Single Family
7,074
Multi-Family
0
Businesses
251
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Listed by: Rachel Smith • JIM SMITH & ASSOCIATES, INC.
Mls Name: SAR
Mls ID: #323598