313 W Lake StIvaSC29655
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 Iva at 313 W Lake St, Iva, SC, 29655 offers $960/mo rent that, after a $979/mo payment. Total monthly income is $960/mo. Return on cash invested measures 15.73% in year one, and rental yield stands at 5.76% at a $200,000 entry. Equity gained on principal adds $1,291/yr while 5% annual appreciation compounds into $55,256 by year five. Five-year ROI records 80.19% and total cumulative return in cash reaches $53,168. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $960/mo property income versus a $979/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2017
0.87 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29655, Iva, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,828 (100%) |
| Owner Occupied HU | 2,672 (69.8%) |
| Renter Occupied HU | 545 (14.2%) |
| Vacant Housing Units | 611 (16.0%) |
| Median Home Value | $245,907 |
| Average Home Value | $344,771 |
Housing Distribution
Address Breakdown
Residential
3,111
Single Family
3,091
Multi-Family
20
Businesses
116
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kylie Murphree • Keller Williams Seneca
Mls Name: WUMLS
Mls ID: #20295853