902 Northlake DrAndersonSC29625
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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 Anderson at 902 Northlake Dr, Anderson, SC, 29625 generates $1,076/mo in rent and, after a $660/mo payment, leaves $273/mo in cash flow. Total monthly income is $1,076/mo, and annual cash flow is $3,279/yr on $44,719 invested. Return on cash invested sits at 27.24% in year one, and rental yield is 9.57% on a $134,900 entry. Equity gained on principal adds $870/yr, while 5% annual appreciation builds toward $37,270 over five years. Five-year ROI reaches 141.96% and total cumulative return in cash sums $63,485. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,076/mo property income rather than buyer’s personal income.
Condo
Built in 1988
N/A 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: Ronda Holder • BHHS C Dan Joyner - Woodruff
Mls Name: WUMLS
Mls ID: #20294849