704 W Alder St.AndrewsSC29510
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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
Rental property for sale in Andrews at 704 W Alder St, Andrews, SC, 29510 priced at $149,900 converts $1,137/mo rent into $244/mo cash flow after a $734/mo obligation. Total monthly income equals $1,137/mo, and annual cash flow totals $2,932/yr on $49,692 invested. Return on cash invested prints 25.81% in year one, and rental yield reads 9.1% against a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation compiles into $41,415 by year five. Five-year ROI reaches 134.26% and total cumulative return in cash sums $66,719. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,137/mo property income covering a $734/mo payment, not borrower’s personal income.
Single Family
Built in 1970
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29510, Andrews, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,783 (100%) |
| Owner Occupied HU | 3,308 (69.2%) |
| Renter Occupied HU | 919 (19.2%) |
| Vacant Housing Units | 556 (11.6%) |
| Median Home Value | $150,212 |
| Average Home Value | $199,631 |
Housing Distribution
Address Breakdown
Residential
4,328
Single Family
4,152
Multi-Family
176
Businesses
314
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Listed by: Angela H Anderson • ERA Wilder Realty Inc PI
Mls Name: CCAR
Mls ID: #2529799