1309 N Matthews RdLake CitySC29560
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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
Rental property for sale in Lake City at 1309 N Matthews Rd, Lake City, SC, 29560 priced at $237,000 pairs $2,257/mo rent with $846/mo cash flow after a $1,160/mo payment. Total monthly income equals $2,257/mo, and annual cash flow comes to $10,154/yr on $78,566 invested. Return on cash invested is 32.83% in year one, and rental yield stands at 11.43% on a $237,000 basis. Equity gained on principal adds $1,529/yr, and 5% annual appreciation accumulates to $65,479 by year five. Five-year ROI measures 171.89% and total cumulative return in cash reaches $135,044. For financing, Ziffy Mortgage’s DSCR program evaluates $2,257/mo property income against a $1,160/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
4.29 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: Quinnie Jones • Coldwell Banker Mcmillan And Associates
Mls Name: Pee Dee Realtor Association
Mls ID: #20242717