124 Singletary AveLake CitySC29560
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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 Lake City at 124 Singletary Ave, Lake City, SC, 29560 offers a 11.08% rental yield on a $340,000 purchase with $3,139/mo rent. Total monthly income registers $3,139/mo, and a $1,664/mo payment leaves $1,115/mo available for distribution. Annual cash flow reaches $13,382/yr on $112,710 to close, and return on cash invested stands at 31.78% in year one. Equity gained on principal adds $2,194/yr while 5% annual appreciation supports $93,936 over five years. Portfolio math shows five-year ROI at 166.23% and total cumulative return in cash at $187,362. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,139/mo property income against a $1,664/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1924
1.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29560, Lake City, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,880 (100%) |
| Owner Occupied HU | 3,381 (57.5%) |
| Renter Occupied HU | 1,748 (29.7%) |
| Vacant Housing Units | 751 (12.8%) |
| Median Home Value | $144,662 |
| Average Home Value | $177,913 |
Housing Distribution
Address Breakdown
Residential
5,338
Single Family
5,243
Multi-Family
95
Businesses
661
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Listed by: Sarah Jane Gibson • Keller Williams Palmetto Sumter
Mls Name: Sumter BOR
Mls ID: #200497