314 Palmer LaneMc 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
Rental property for sale in Mc Cormick at 314 Palmer Lane, Mc Cormick, SC, 29835 generates $2,776/mo in rent, after a $2,785/mo payment. Total monthly income is $2,776/mo. Return on cash invested sits at 16.14% in year one, and rental yield is 5.85% on a $569,000 entry. Equity gained on principal adds $3,672/yr, while 5% annual appreciation builds toward $157,204 over five years. Five-year ROI reaches 82.3% and total cumulative return in cash sums $154,067. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,776/mo property income rather than buyer’s personal income.
Single Family
Built in 1992
0.43 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
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Listed by: S. Michael Sherard • Savannah Lakes Village Real Estate
Mls Name: Hive MLS
Mls ID: #548938