131 Evergreen LnMc 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 131 Evergreen Ln, Mc Cormick, SC, 29835 priced at $399,000 converts $2,752/mo rent into $209/mo cash flow after a $1,953/mo obligation. Total monthly income equals $2,752/mo, and annual cash flow totals $2,505/yr on $132,269 invested. Return on cash invested prints 21.8% in year one, and rental yield reads 8.28% against a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation compiles into $110,236 by year five. Five-year ROI reaches 113.23% and total cumulative return in cash sums $149,774. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,752/mo property income covering a $1,953/mo payment, not borrower’s personal income.
Single Family
Built in 2019
0.43 Acres lot
$N/A/sqft
$168 monthly 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: Sharon C Laidig • Savannah Lakes Realty
Mls Name: REALTORS of Greater Augusta
Mls Provider:
Mls ID: #534386
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.