611 McArthur AveChesneeSC29323
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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 611 McArthur Ave, Chesnee, SC, 29323 uses $66,134 cash to close to unlock $6,354/yr annual cash flow and $529/mo monthly cash flow. Total monthly income runs $1,762/mo, and a $976/mo payment keeps the spread at $529/mo. Purchase price stands at $199,500, and rental yield measures 10.6% with $1,762/mo rent. Return on cash invested shows 29.52% in year one, and 5% annual appreciation builds toward $55,118 over five years. Five-year ROI reaches 154.39% and total cumulative return in cash records $102,103. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,762/mo property income covering a $976/mo payment rather than investor’s personal income.
Single Family
Built in 1940
7,405 sqft 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: Robert Ortega • Keller Williams Realty
Mls Name: SAR
Mls Provider:
Mls ID: #314308
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.