319 Floyd AveLake CitySC29560
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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 Lake City at 319 Floyd Ave, Lake City, SC, 29560 generates $808/mo in rent and, after a $514/mo payment, leaves $183/mo in cash flow. Total monthly income is $808/mo, and annual cash flow is $2,195/yr on $34,808 invested. Return on cash invested sits at 26.21% in year one, and rental yield is 9.23% on a $105,000 entry. Equity gained on principal adds $678/yr, while 5% annual appreciation builds toward $29,010 over five years. Five-year ROI reaches 136.35% and total cumulative return in cash sums $47,462. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $808/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29560, Lake City, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,880 (100%) |
| Owner Occupied HU | 3,381 (57.5%) |
| Renter Occupied HU | 1,748 (29.7%) |
| Vacant Housing Units | 751 (12.8%) |
| Median Home Value | $144,662 |
| Average Home Value | $177,913 |
Housing Distribution
Address Breakdown
Residential
5,338
Single Family
5,243
Multi-Family
95
Businesses
661
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Listed by: Wayne McFadden • Vylla Home, Inc
Mls Name: Pee Dee Realtor Association
Mls ID: #20253516