605 Colony 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 605 Colony Rd, Chester, SC, 29706 listed at $280,000 pairs $1,850/mo rent with a $1,370/mo payment to leave $184/mo cash flow. Total monthly income runs $1,850/mo, and annual cash flow reaches $2,204/yr on $92,820 cash to close. Return on cash invested measures 22.28% in year one, and rental yield registers 7.93% at a $280,000 basis. Equity gained on principal adds $1,807/yr, and annual property appreciation at 5% supports $77,359 by year five. Five-year ROI tracks 115.28% and total cumulative return in cash totals $107,001. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,850/mo property income relative to a $1,370/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1950
2 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: Cheryl Boyd • RE/MAX Executive
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4324684