188 Old Timers CtLamarSC29069
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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 Lamar at 188 Old Timers Ct, Lamar, SC, 29069 priced at $135,000 converts $1,014/mo rent into $210/mo cash flow after a $661/mo obligation. Total monthly income equals $1,014/mo, and annual cash flow totals $2,522/yr on $44,753 invested. Return on cash invested prints 25.54% in year one, and rental yield reads 9.01% against a $135,000 entry. Equity gained on principal adds $871/yr, while 5% annual appreciation compiles into $37,298 by year five. Five-year ROI reaches 132.84% and total cumulative return in cash sums $59,449. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,014/mo property income covering a $661/mo payment, not borrower’s personal income.
Manufactured
Built in 1999
0.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29069, Lamar, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,284 (100%) |
| Owner Occupied HU | 1,545 (67.6%) |
| Renter Occupied HU | 392 (17.2%) |
| Vacant Housing Units | 347 (15.2%) |
| Median Home Value | $169,986 |
| Average Home Value | $188,426 |
Housing Distribution
Address Breakdown
Residential
1,840
Single Family
1,840
Multi-Family
0
Businesses
87
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Listed by: Maggie Cooper • Lpt Realty, Llc.
Mls Name: Pee Dee Realtor Association
Mls ID: #20252998