516 Mariners WayGarnettSC29922
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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 Garnett at 516 Mariners Way, Garnett, SC, 29922 generates $2,365/mo in rent and, after a $1,531/mo payment, leaves $503/mo in cash flow. Total monthly income is $2,365/mo, and annual cash flow is $6,035/yr on $103,693 invested. Return on cash invested sits at 25.73% in year one, and rental yield is 9.07% on a $312,800 entry. Equity gained on principal adds $2,018/yr, while 5% annual appreciation builds toward $86,421 over five years. Five-year ROI reaches 133.73% and total cumulative return in cash sums $138,671. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,365/mo property income rather than buyer’s personal income.
Single Family
Built in 2006
3.76 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29922, Garnett, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 513 (100%) |
| Owner Occupied HU | 303 (59.1%) |
| Renter Occupied HU | 72 (14.0%) |
| Vacant Housing Units | 138 (26.9%) |
| Median Home Value | $61,719 |
| Average Home Value | $111,485 |
Housing Distribution
Address Breakdown
Residential
351
Single Family
351
Multi-Family
0
Businesses
15
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Listed by: N/A • N/A
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