348 Peter StLake CitySC29560
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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 Lake City at 348 Peter St, Lake City, SC, 29560 offers $1,475/mo rent that, after a $1,008/mo payment, leaves $249/mo cash flow. Total monthly income is $1,475/mo, and annual cash flow is $2,988/yr on $68,289 cash. Return on cash invested measures 24.28% in year one, and rental yield stands at 8.59% at a $206,000 entry. Equity gained on principal adds $1,329/yr while 5% annual appreciation compounds into $56,914 by year five. Five-year ROI records 125.99% and total cumulative return in cash reaches $86,036. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,475/mo property income versus a $1,008/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1984
0.63 Acres 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: Harriett McKnight • Brand Name Real Estate
Mls Name: Pee Dee Realtor Association
Mls ID: #2600271