110 Lake Ridge LnTamasseeSC29686
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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 Tamassee at 110 Lake Ridge Ln, Tamassee, SC, 29686 offers a 4.94% rental yield on a $599,000 purchase with $2,467/mo rent. 37% in year one. Equity gained on principal adds $3,865/yr while 5% annual appreciation supports $165,493 over five years. Portfolio math shows five-year ROI at 67.44% and total cumulative return in cash at $132,910. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,467/mo property income against a $2,932/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2019
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29686, Tamassee, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 675 (100%) |
| Owner Occupied HU | 409 (60.6%) |
| Renter Occupied HU | 56 ( 8.3%) |
| Vacant Housing Units | 210 (31.1%) |
| Median Home Value | $337,719 |
| Average Home Value | $448,056 |
Housing Distribution
Address Breakdown
Residential
462
Single Family
461
Multi-Family
1
Businesses
17
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Listed by: Karl Addis • Powell Real Estate
Mls Name: WUMLS
Mls ID: #20293009