111 Ashland DrMc CormickSC29835
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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 Mc Cormick at 111 Ashland Dr, Mc Cormick, SC, 29835 generates $2,604/mo in rent and, after a $1,773/mo payment, leaves $448/mo in cash flow. Total monthly income is $2,604/mo, and annual cash flow is $5,372/yr on $120,069 invested. Return on cash invested sits at 24.38% in year one, and rental yield is 8.63% on a $362,200 entry. Equity gained on principal adds $2,337/yr, while 5% annual appreciation builds toward $100,069 over five years. Five-year ROI reaches 126.52% and total cumulative return in cash sums $151,912. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,604/mo property income rather than buyer’s personal income.
Single Family
Built in 2008
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29835, Mc Cormick, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,294 (100%) |
| Owner Occupied HU | 2,905 (67.7%) |
| Renter Occupied HU | 567 (13.2%) |
| Vacant Housing Units | 822 (19.1%) |
| Median Home Value | $202,823 |
| Average Home Value | $293,852 |
Housing Distribution
Address Breakdown
Residential
3,325
Single Family
3,322
Multi-Family
3
Businesses
224
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Listed by: Kerry Gambrell Hall • Savannah Lakes Realty
Mls Name: REALTORS of Greater Augusta
Mls ID: #546772