199 Lake Grove LnTownvilleSC29689
Nearby investment properties with comparable rents
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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 Townville at 199 Lake Grove Ln, Townville, SC, 29689 offers $1,544/mo rent that, after a $1,786/mo payment. Total monthly income is $1,544/mo. Return on cash invested measures 13.68% in year one, and rental yield stands at 5.08% at a $365,000 entry. Equity gained on principal adds $2,355/yr while 5% annual appreciation compounds into $100,843 by year five. Five-year ROI records 69.12% and total cumulative return in cash reaches $83,635. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,544/mo property income versus a $1,786/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2018
1.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29689, Townville, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,843 (100%) |
| Owner Occupied HU | 1,855 (65.2%) |
| Renter Occupied HU | 264 ( 9.3%) |
| Vacant Housing Units | 724 (25.5%) |
| Median Home Value | $419,349 |
| Average Home Value | $491,116 |
Housing Distribution
Address Breakdown
Residential
2,523
Single Family
2,523
Multi-Family
0
Businesses
78
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Listed by: Katie Tillman • BuyHartwellLake, LLC
Mls Name: WUMLS
Mls ID: #20292754