605 McCormick LnLymanSC29365
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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
Investment property for sale in Lyman at 605 McCormick Ln, Lyman, SC, 29365 uses $80,555 cash to close to unlock $9,381/yr annual cash flow and $782/mo monthly cash flow. Total monthly income runs $2,268/mo, and a $1,189/mo payment keeps the spread at $782/mo. Purchase price stands at $243,000, and rental yield measures 11.2% with $2,268/mo rent. Return on cash invested shows 31.55% in year one, and 5% annual appreciation builds toward $67,136 over five years. Five-year ROI reaches 165.22% and total cumulative return in cash records $133,088. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,268/mo property income covering a $1,189/mo payment rather than investor’s personal income.
Single Family
Built in 2019
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29365, Lyman, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,888 (100%) |
| Owner Occupied HU | 4,941 (83.9%) |
| Renter Occupied HU | 691 (11.7%) |
| Vacant Housing Units | 256 ( 4.3%) |
| Median Home Value | $274,008 |
| Average Home Value | $303,507 |
Housing Distribution
Address Breakdown
Residential
5,977
Single Family
5,948
Multi-Family
29
Businesses
293
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Listed by: Sonia Torres-Bonet • Bluefield Realty Group
Mls Name: Greater Greenville AOR
Mls Provider:
Mls ID: #1536882
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.