744 S Bomar AveLandrumSC29356
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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 Landrum at 744 S Bomar Ave, Landrum, SC, 29356 offers a 10.15% rental yield on a $299,900 purchase with $2,536/mo rent. Total monthly income registers $2,536/mo, and a $1,468/mo payment leaves $751/mo available for distribution. Annual cash flow reaches $9,007/yr on $99,417 to close, and return on cash invested stands at 28.97% in year one. Equity gained on principal adds $1,935/yr while 5% annual appreciation supports $82,857 over five years. Portfolio math shows five-year ROI at 151.14% and total cumulative return in cash at $150,256. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,536/mo property income against a $1,468/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29356, Landrum, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,752 (100%) |
| Owner Occupied HU | 3,521 (74.1%) |
| Renter Occupied HU | 557 (11.7%) |
| Vacant Housing Units | 674 (14.2%) |
| Median Home Value | $407,564 |
| Average Home Value | $511,720 |
Housing Distribution
Address Breakdown
Residential
4,424
Single Family
4,011
Multi-Family
413
Businesses
374
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Listed by: Ariel Sikkila • Laura Simmons & Associates RE
Mls Name: Greater Greenville AOR
Mls ID: #1575073