205 River PlMc 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
Investment property for sale in Mc Cormick at 205 River Pl, Mc Cormick, SC, 29835 offers a 9.85% rental yield on a $389,900 purchase with $3,199/mo rent. Total monthly income registers $3,199/mo, and a $1,908/mo payment leaves $878/mo available for distribution. Annual cash flow reaches $10,540/yr on $129,252 to close, and return on cash invested stands at 28.06% in year one. Equity gained on principal adds $2,516/yr while 5% annual appreciation supports $107,722 over five years. Portfolio math shows five-year ROI at 146.28% and total cumulative return in cash at $189,073. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,199/mo property income against a $1,908/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1992
N/A lot
$N/A/sqft
No 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 ID: #546807