720 Lakeside DrAndersonSC29621
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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 Anderson at 720 Lakeside Dr, Anderson, SC, 29621 offers a 4.34% rental yield on a $649,500 purchase with $2,347/mo rent. 53% in year one. Equity gained on principal adds $4,191/yr while 5% annual appreciation supports $179,445 over five years. Portfolio math shows five-year ROI at 57.55% and total cumulative return in cash at $122,977. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,347/mo property income against a $3,179/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
1.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29621, Anderson, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,771 (100%) |
| Owner Occupied HU | 14,049 (71.1%) |
| Renter Occupied HU | 4,410 (22.3%) |
| Vacant Housing Units | 1,312 ( 6.6%) |
| Median Home Value | $309,105 |
| Average Home Value | $353,657 |
Housing Distribution
Address Breakdown
Residential
19,047
Single Family
17,056
Multi-Family
1,991
Businesses
1,494
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Listed by: Joey Brown • Joey Brown Real Estate
Mls Name: WUMLS
Mls ID: #20294010