213 Matthews LaneMc 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 213 Matthews Lane, Mc Cormick, SC, 29835 priced at $385,000 pairs $2,702/mo rent with $411/mo cash flow after a $1,884/mo payment. Total monthly income equals $2,702/mo, and annual cash flow comes to $4,927/yr on $127,628 invested. Return on cash invested is 23.77% in year one, and rental yield stands at 8.42% on a $385,000 basis. Equity gained on principal adds $2,484/yr, and 5% annual appreciation accumulates to $106,368 by year five. Five-year ROI measures 123.24% and total cumulative return in cash reaches $157,294. For financing, Ziffy Mortgage’s DSCR program evaluates $2,702/mo property income against a $1,884/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2022
0.47 Acres 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: Kristin Ball • Greene Advantage Realty
Mls Name: Hive MLS
Mls ID: #551364