1062 Garnette RdLancasterSC29720
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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 Lancaster at 1062 Garnette Rd, Lancaster, SC, 29720 earns $46/mo cash flow from $2,388/mo rent with a $1,926/mo payment. Total monthly income totals $2,388/mo, and annual cash flow totals $547/yr on $130,445 capital. ROI tracks 20.33% on current figures, and rental yield reads 7.28% at a $393,500 purchase. Equity gained on principal adds $2,539/yr, and 5% annual appreciation supports $108,717 over five years. Five-year ROI reaches 104.79% and total cumulative return in cash sums $136,695. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,388/mo property income instead of your personal income.
Single Family
Built in 2025
2.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29720, Lancaster, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,458 (100%) |
| Owner Occupied HU | 17,867 (73.1%) |
| Renter Occupied HU | 4,998 (20.4%) |
| Vacant Housing Units | 1,593 ( 6.5%) |
| Median Home Value | $289,078 |
| Average Home Value | $332,866 |
Housing Distribution
Address Breakdown
Residential
23,661
Single Family
23,219
Multi-Family
442
Businesses
1,184
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Listed by: Joni Plyler • Keller Williams Connected
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4297177