250 Garden Lakes DrBlacksburgSC29702
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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 Blacksburg at 250 Garden Lakes Dr, Blacksburg, SC, 29702 priced at $369,000 converts $2,359/mo rent into $162/mo cash flow after a $1,806/mo obligation. Total monthly income equals $2,359/mo, and annual cash flow totals $1,950/yr on $122,324 invested. Return on cash invested prints 21.5% in year one, and rental yield reads 7.67% against a $369,000 entry. Equity gained on principal adds $2,381/yr, while 5% annual appreciation compiles into $101,948 by year five. Five-year ROI reaches 111.09% and total cumulative return in cash sums $135,891. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,359/mo property income covering a $1,806/mo payment, not borrower’s personal income.
Single Family
Built in 1992
0.99 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29702, Blacksburg, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,531 (100%) |
| Owner Occupied HU | 3,184 (70.3%) |
| Renter Occupied HU | 949 (20.9%) |
| Vacant Housing Units | 398 ( 8.8%) |
| Median Home Value | $174,119 |
| Average Home Value | $197,639 |
Housing Distribution
Address Breakdown
Residential
4,480
Single Family
4,478
Multi-Family
2
Businesses
285
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Listed by: Charm Ellis • Keller Williams Realty
Mls Name: SAR
Mls ID: #332012