611 Rivers StLake CitySC29560
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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 Lake City at 611 Rivers St, Lake City, SC, 29560 earns $1,336/mo cash flow from $3,360/mo rent with a $1,664/mo payment. Total monthly income totals $3,360/mo, and annual cash flow totals $16,034/yr on $112,710 capital. ROI tracks 34.13% on current figures, and rental yield reads 11.86% at a $339,999 purchase. Equity gained on principal adds $2,194/yr, and 5% annual appreciation supports $93,935 over five years. Five-year ROI reaches 178.85% and total cumulative return in cash sums $201,582. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,360/mo property income instead of your personal income.
Single Family
Built in 1980
0.65 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: William Epps • Epps Miles Eaddy Realty Inc
Mls Name: Pee Dee Realtor Association
Mls Provider:
Mls ID: #20241385
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.