1040 E Lakeshore DrLandrumSC29356
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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 Landrum at 1040 E Lakeshore Dr, Landrum, SC, 29356 priced at $564,500 pairs $1,644/mo rent with after a $2,763/mo payment. Total monthly income equals $1,644/mo. Return on cash invested is 8.97% in year one, and rental yield stands at 3.49% on a $564,500 basis. Equity gained on principal adds $3,643/yr, and 5% annual appreciation accumulates to $155,961 by year five. Five-year ROI measures 43.85% and total cumulative return in cash reaches $81,434. For financing, Ziffy Mortgage’s DSCR program evaluates $1,644/mo property income against a $2,763/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1997
2.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29356, Landrum, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,752 (100%) |
| Owner Occupied HU | 3,521 (74.1%) |
| Renter Occupied HU | 557 (11.7%) |
| Vacant Housing Units | 674 (14.2%) |
| Median Home Value | $407,564 |
| Average Home Value | $511,720 |
Housing Distribution
Address Breakdown
Residential
4,424
Single Family
4,011
Multi-Family
413
Businesses
374
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Listed by: Wanda Durham • Solid Ground Properties
Mls Name: SAR
Mls Provider:
Mls ID: #317158
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.