561 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 561 Thorn Cove Dr, Chesnee, SC, 29323 with 5% annual appreciation on a $595,000 basis while $3,605/mo rent supports operations. Total monthly income totals $3,605/mo and a $2,912/mo payment preserves $54/mo for cash returns. Annual cash flow comes to $650/yr on $195,755 deployed, and return on cash invested reaches 20.39% in year one. Equity gained on principal adds $3,839/yr, and five-year appreciation sums $164,388 alongside rental yield of 7.27%. Five-year ROI measures 105.13% and total cumulative return in cash totals $205,790.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,605/mo property income versus a $2,912/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2005
1.20 Acres lot
$N/A/sqft
$110 annually 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: Manfred Lewis • LESLIE HORNE & ASSOCIATES
Mls Name: SAR
Mls Provider:
Mls ID: #326617
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.