409 Serenity CoveMc 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 409 Serenity Cove, Mc Cormick, SC, 29835 generates $3,838/mo in rent and, after a $3,083/mo payment, leaves $88/mo in cash flow. Total monthly income is $3,838/mo, and annual cash flow is $1,060/yr on $207,237 invested. Return on cash invested sits at 20.57% in year one, and rental yield is 7.31% on a $629,900 entry. Equity gained on principal adds $4,065/yr, while 5% annual appreciation builds toward $174,030 over five years. Five-year ROI reaches 106.05% and total cumulative return in cash sums $219,783. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,838/mo property income rather than buyer’s personal income.
Single Family
Built in 1994
0.49 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: Kerry Gambrell Hall • Savannah Lakes Realty
Mls Name: Hive MLS
Mls ID: #548023