106 Lake RdLandrumSC29356
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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 Landrum at 106 Lake Rd, Landrum, SC, 29356 with 5% annual appreciation on a $310,000 basis while $1,930/mo rent supports operations. Total monthly income totals $1,930/mo and a $1,517/mo payment preserves $85/mo for cash returns. Annual cash flow comes to $1,019/yr on $102,765 deployed, and return on cash invested reaches 20.9% in year one. Equity gained on principal adds $2,000/yr, and five-year appreciation sums $85,647 alongside rental yield of 7.47%. Five-year ROI measures 107.85% and total cumulative return in cash totals $110,827.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,930/mo property income versus a $1,517/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
0.68 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: Larry Young • Young's Real Estate, LLC
Mls Name: Greater Greenville AOR
Mls Provider:
Mls ID: #1561102
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.