8 Cringle LnAndersonSC29625
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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 8 Cringle Ln, Anderson, SC, 29625 with 5% annual appreciation on a $274,900 basis while $2,443/mo rent supports operations. Total monthly income totals $2,443/mo and a $1,346/mo payment preserves $807/mo for cash returns. Annual cash flow comes to $9,685/yr on $91,129 deployed, and return on cash invested reaches 30.54% in year one. Equity gained on principal adds $1,774/yr, and five-year appreciation sums $75,950 alongside rental yield of 10.66%. Five-year ROI measures 159.57% and total cumulative return in cash totals $145,419.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,443/mo property income versus a $1,346/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2022
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29625, Anderson, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,668 (100%) |
| Owner Occupied HU | 9,318 (63.5%) |
| Renter Occupied HU | 3,934 (26.8%) |
| Vacant Housing Units | 1,416 ( 9.7%) |
| Median Home Value | $253,495 |
| Average Home Value | $329,244 |
Housing Distribution
Address Breakdown
Residential
13,807
Single Family
12,938
Multi-Family
869
Businesses
706
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Listed by: Terry "Matt" Shealy • Coldwell Banker Realty (Irmo)
Mls Name: WUMLS
Mls ID: #20294447