111 Forge RdGarnettSC29922
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Nearby investment properties with comparable prices
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 Garnett at 111 Forge Rd, Garnett, SC, 29922 with 5% annual appreciation on a $350,000 basis while $2,198/mo rent supports operations. Total monthly income totals $2,198/mo and a $1,713/mo payment preserves $115/mo for cash returns. Annual cash flow comes to $1,375/yr on $116,025 deployed, and return on cash invested reaches 21.09% in year one. Equity gained on principal adds $2,258/yr, and five-year appreciation sums $96,699 alongside rental yield of 7.54%. Five-year ROI measures 108.9% and total cumulative return in cash totals $126,350.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,198/mo property income versus a $1,713/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 1992
3.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29922, Garnett, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 513 (100%) |
| Owner Occupied HU | 303 (59.1%) |
| Renter Occupied HU | 72 (14.0%) |
| Vacant Housing Units | 138 (26.9%) |
| Median Home Value | $61,719 |
| Average Home Value | $111,485 |
Housing Distribution
Address Breakdown
Residential
351
Single Family
351
Multi-Family
0
Businesses
15
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Listed by: Gabriela Padron • Mi Casa Real Estate, LLC
Mls Name: Lowcountry Regional MLS
Mls ID: #192347