3 Rocky Gap CtLandrumSC29356
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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 Landrum at 3 Rocky Gap Ct, Landrum, SC, 29356 priced at $575,000 converts $3,732/mo rent into $138/mo cash flow after a $2,814/mo obligation. Total monthly income equals $3,732/mo, and annual cash flow totals $1,653/yr on $189,175 invested. Return on cash invested prints 20.93% in year one, and rental yield reads 7.79% against a $575,000 entry. Equity gained on principal adds $3,710/yr, while 5% annual appreciation compiles into $158,862 by year five. Five-year ROI reaches 108.39% and total cumulative return in cash sums $205,055. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,732/mo property income covering a $2,814/mo payment, not borrower’s personal income.
Single Family
Built in 2000
0.60 Acres lot
$N/A/sqft
$2,060 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29356, Landrum, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,752 (100%) |
| Owner Occupied HU | 3,521 (74.1%) |
| Renter Occupied HU | 557 (11.7%) |
| Vacant Housing Units | 674 (14.2%) |
| Median Home Value | $407,564 |
| Average Home Value | $511,720 |
Housing Distribution
Address Breakdown
Residential
4,424
Single Family
4,011
Multi-Family
413
Businesses
374
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Listed by: VINESSA HYDER • Gateway Realty
Mls Name: SAR
Mls Provider:
Mls ID: #327227
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.