108 Lake DrSummervilleSC29483
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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 Summerville at 108 Lake Dr, Summerville, SC, 29483 with 5% annual appreciation on a $149,900 basis while $1,154/mo rent supports operations. Total monthly income totals $1,154/mo and a $734/mo payment preserves $261/mo for cash returns. Annual cash flow comes to $3,136/yr on $49,692 deployed, and return on cash invested reaches 26.22% in year one. Equity gained on principal adds $967/yr, and five-year appreciation sums $41,415 alongside rental yield of 9.24%. Five-year ROI measures 136.41% and total cumulative return in cash totals $67,787.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,154/mo property income versus a $734/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 1997
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29483, Summerville, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,167 (100%) |
| Owner Occupied HU | 17,077 (70.7%) |
| Renter Occupied HU | 5,575 (23.1%) |
| Vacant Housing Units | 1,515 ( 6.3%) |
| Median Home Value | $357,966 |
| Average Home Value | $397,078 |
Housing Distribution
Address Breakdown
Residential
24,771
Single Family
22,687
Multi-Family
2,084
Businesses
1,480
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Listed by: N/A • Carolina One Real Estate
Mls Name: CTMLS
Mls ID: #26001232