918 Norris RdAndersonSC29626
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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 918 Norris Rd, Anderson, SC, 29626 generates $1,314/mo in rent, after a $1,615/mo payment. Total monthly income is $1,314/mo. Return on cash invested sits at 12.78% in year one, and rental yield is 4.78% on a $330,000 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation builds toward $91,173 over five years. Five-year ROI reaches 64.29% and total cumulative return in cash sums $70,331. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,314/mo property income rather than buyer’s personal income.
Manufactured
Built in 2023
3.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29626, Anderson, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,348 (100%) |
| Owner Occupied HU | 4,567 (71.9%) |
| Renter Occupied HU | 1,078 (17.0%) |
| Vacant Housing Units | 703 (11.1%) |
| Median Home Value | $267,678 |
| Average Home Value | $304,614 |
Housing Distribution
Address Breakdown
Residential
6,151
Single Family
5,977
Multi-Family
174
Businesses
204
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Listed by: Rhonda Collins • Western Upstate Keller William
Mls Name: WUMLS
Mls ID: #20295161