218 Monroe 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
Total monthly income runs $2,366/mo, and a $2,525/mo payment. Purchase price stands at $515,900, and rental yield measures 5.5% with $2,366/mo rent. Return on cash invested shows 15.08% in year one, and 5% annual appreciation builds toward $142,534 over five years. Five-year ROI reaches 76.61% and total cumulative return in cash records $130,028. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,366/mo property income covering a $2,525/mo payment rather than investor’s personal income.
Single Family
Built in 2007
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: Kerry Gambrell Hall • Savannah Lakes Realty
Mls Name: REALTORS of Greater Augusta
Mls ID: #538878