310 Katie LnMc CormickSC29835
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 310 Katie Ln, Mc Cormick, SC, 29835 priced at $710,000 converts $2,424/mo rent into after a $3,475/mo obligation. Total monthly income equals $2,424/mo. Return on cash invested prints 10.8% in year one, and rental yield reads 4.1% against a $710,000 entry. Equity gained on principal adds $4,582/yr, while 5% annual appreciation compiles into $196,160 by year five. Five-year ROI reaches 53.66% and total cumulative return in cash sums $125,351. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,424/mo property income covering a $3,475/mo payment, not borrower’s personal income.
Single Family
Built in 2008
0.63 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Summers Pendarvis • Weichert, Realtors - Pendarvis Co.
Mls Name: Aiken MLS
Mls ID: #220609