Iris Plan, Gleneddie AcresAndersonSC29624
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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 Iris Plan, Gleneddie Acres, Anderson, SC, 29624 generates $1,620/mo in rent, after a $1,620/mo payment. Total monthly income is $1,620/mo. Return on cash invested sits at 16.08% in year one, and rental yield is 5.87% on a $330,990 entry. Equity gained on principal adds $2,136/yr, while 5% annual appreciation builds toward $91,446 over five years. Five-year ROI reaches 81.99% and total cumulative return in cash sums $89,961. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,620/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29624, Anderson, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,958 (100%) |
| Owner Occupied HU | 3,421 (49.2%) |
| Renter Occupied HU | 2,679 (38.5%) |
| Vacant Housing Units | 858 (12.3%) |
| Median Home Value | $96,027 |
| Average Home Value | $198,631 |
Housing Distribution
Address Breakdown
Residential
6,260
Single Family
6,049
Multi-Family
211
Businesses
751
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Listed by: N/A • Dream Finders Homes
Mls Name: Dream Finders Homes
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