705 Garfield CtMc 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 705 Garfield Ct, Mc Cormick, SC, 29835 generates $2,083/mo in rent, after a $3,350/mo payment. Total monthly income is $2,083/mo. Return on cash invested sits at 8.53% in year one, and rental yield is 3.65% on a $684,500 entry. Equity gained on principal adds $4,417/yr, while 5% annual appreciation builds toward $189,115 over five years. Five-year ROI reaches 41.82% and total cumulative return in cash sums $94,173. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,083/mo property income rather than buyer’s personal income.
Single Family
Built in 2021
0.48 Acres lot
$N/A/sqft
$172 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: Kerry Gambrell Hall • Savannah Lakes Realty
Mls Name: REALTORS of Greater Augusta
Mls Provider:
Mls ID: #536575
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.