574 Lamorak PlRichburgSC29729
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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 Richburg at 574 Lamorak Pl, Richburg, SC, 29729 generates $3,167/mo in rent and, after a $1,586/mo payment, leaves $1,238/mo in cash flow. Total monthly income is $3,167/mo, and annual cash flow is $14,857/yr on $107,406 invested. Return on cash invested sits at 33.74% in year one, and rental yield is 11.73% on a $324,000 entry. Equity gained on principal adds $2,091/yr, while 5% annual appreciation builds toward $89,515 over five years. Five-year ROI reaches 176.75% and total cumulative return in cash sums $189,839. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,167/mo property income rather than buyer’s personal income.
Single Family
Built in 2023
0.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29729, Richburg, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,118 (100%) |
| Owner Occupied HU | 869 (77.7%) |
| Renter Occupied HU | 137 (12.3%) |
| Vacant Housing Units | 112 (10.0%) |
| Median Home Value | $176,431 |
| Average Home Value | $219,384 |
Housing Distribution
Address Breakdown
Residential
1,006
Single Family
1,006
Multi-Family
0
Businesses
148
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Listed by: LaSheca Sherer • Sherer Real Estate Firm LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4284791