618 Heritage CvMc 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 618 Heritage Cv, Mc Cormick, SC, 29835 priced at $565,000 converts $3,155/mo rent into after a $2,765/mo obligation. Total monthly income equals $3,155/mo. Return on cash invested prints 17.68% in year one, and rental yield reads 6.7% against a $565,000 entry. Equity gained on principal adds $3,646/yr, while 5% annual appreciation compiles into $156,099 by year five. Five-year ROI reaches 90.93% and total cumulative return in cash sums $169,023. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,155/mo property income covering a $2,765/mo payment, not borrower’s personal income.
Single Family
Built in 1994
0.54 Acres lot
$N/A/sqft
$161 monthly 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: Kristin Ball • Greene Advantage Realty
Mls Name: REALTORS of Greater Augusta
Mls Provider:
Mls ID: #535498
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.